Dollar Américain / Yen japonaisMis à jour USDJPY: Anticipating a bearish trend.
Hello traders,
The current situation in USDJPY pair is getting clearer. I expect a correction in the form of a zigzag, with wave b still in progress. However, wave b seems to be getting more complicated, possibly taking the shape of a converging horizontal triangle. To finish it, I need to see two more small waves, one going up and the other down. After that, the price is likely to go up again, forming wave c of the zigzag.
At the same time, the completion of corrective wave (ii) suggests that the price might soon start a significant downward move. Given this, it's not advisable to open any trading positions until the correction is completed. Until then, I will remain on the sideline watching.
Cheers and happy trading!
The current situation in USDJPY pair is getting clearer. I expect a correction in the form of a zigzag, with wave b still in progress. However, wave b seems to be getting more complicated, possibly taking the shape of a converging horizontal triangle. To finish it, I need to see two more small waves, one going up and the other down. After that, the price is likely to go up again, forming wave c of the zigzag.
At the same time, the completion of corrective wave (ii) suggests that the price might soon start a significant downward move. Given this, it's not advisable to open any trading positions until the correction is completed. Until then, I will remain on the sideline watching.
Cheers and happy trading!
Note
Price has moved +177pips in the anticipated direction. 
Publications connexes
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.
Publications connexes
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.