The most recent downleg from 125.856 on the USDJPY Monthly Chart appears to be a 5-Wave down after retracing to a 61.8FR@120. Price is currently @107.50, having come down to 105ish and bounced off of Yearly S3 Support.
Current price action on the Monthly appears to be in a 4th Wave triangle. MTI says shortterm buy on lower TFs, but I want to also look for a selling opportunity to complete the 5th wave down, measured to around 97-100.
Current leg of 4th wave may retrace up to 110 area before heading down in Wave 5 to 97-100 area.tradingview.com/chart/MFz3UISd/
Current price action on the Monthly appears to be in a 4th Wave triangle. MTI says shortterm buy on lower TFs, but I want to also look for a selling opportunity to complete the 5th wave down, measured to around 97-100.
Current leg of 4th wave may retrace up to 110 area before heading down in Wave 5 to 97-100 area.tradingview.com/chart/MFz3UISd/
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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.