11 September 2015, USD/JPY
Traders trading this pair should observe closely other pairs such as NZD/JPY, HKD/JPY, AUD/JPY for strong positive correlation. These pairs had a strong positive correlation of up to +0.98 and are still expected to move in the same direction. Thus, only buy/ sell USD/JPY if half of these pairs are giving the same signal.
If you haven't bought the pair already, wait for the current corrective wave rally downwards and a close at 120.49, then buy. Any movements below this level will signal further movements below.
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