leovirgo
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Is this why you went short?
On a lower TF yes. On a larger TF analysis, it is in "SELL RED" zones. I must admit I am not able to catch the whole move. Partly because it was 'too strong' a break down and partly because of the timing. Please see the chart.
I was a buyer when it was painting blue.
http://1.bp.blogspot.com/_N5tnFD-63...AAAP4/IGyGR9ftBvM/s1600-h/USDJPY_2010_feb.PNG