Jan 28 - USD/JPY: ITD 1 low / MTD 8 low maybe IN

Unless there's a very quick drop again today, from time perspective we are due for a turn already and could not delay too much longer, so there's a possibility that ITD 1 low / MTD 8 low has already arrived at 89.127 yesterday. If so, we could be at the early stage of a strong rally into the 100s which last 1 - 1.5 months if my analysis is correct. A daily candle close above the signal day today would further support the conclusion.

P.S. I may not post Delta chart update in the main page of the blog everytime, but I will attempt to update Delta position for GBP/USD and USD/JPY every Saturday. You could find the charts at Delta Position page from the navigation menu above for the most uptodate position.