USDJPY slightly lower short term then higher 180-ish
Monthly, From 1976-ish
Looks like we can count a clear 5 wave down ending in 2012.
Starting Feb 2012.
Wave (C) is a few pips larger than wave (A) I think wave (D) is still in progress soon to start wave (E), wave (D) going below wave (A) will validate this is not a impulsive 1-2-3-4-5, wave (1)
From Jan 2023 to Oct 2023 I think is a clear 5 waves (a) now working on an expanded flat correction. If we dip below wave (1) high then we may be seeing a leading diag for the larger decade wave 1, which is how I have it labeled.
This looks slow, so I think in the shorter term, we will see USDJPY lows below 125.85 in the coming weeks.
Waves are not spaced out to represent time.
Looks like we can count a clear 5 wave down ending in 2012.
Starting Feb 2012.
Wave (C) is a few pips larger than wave (A) I think wave (D) is still in progress soon to start wave (E), wave (D) going below wave (A) will validate this is not a impulsive 1-2-3-4-5, wave (1)
From Jan 2023 to Oct 2023 I think is a clear 5 waves (a) now working on an expanded flat correction. If we dip below wave (1) high then we may be seeing a leading diag for the larger decade wave 1, which is how I have it labeled.
This looks slow, so I think in the shorter term, we will see USDJPY lows below 125.85 in the coming weeks.
Waves are not spaced out to represent time.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.