Possible Fractal on USD/JPY Daily Chart

UJ looks to be in a possible range now and a possible fractal is forming. Once we get a point 2 high set, look for a sell entry after price closes below the trend line. Your can place your stop at whatever point 2 ends up being or a little above it. Look for price to move down to the target area.

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the top of wave 2 was probably today. look for sellers to come in next week creating wave 3.

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UJ did top out and moved down considerably. It closed below the blue trend line and gave a sell signal about 4 days ago and has since moved down towards the target area.