FX:USDJPY   U.S. Dollar / Japanese Yen
Sell Scenario:

D1 - Special cycle completed, currently a retrace is happening towards the 38.2% - 50% fibo retrace zone. Once the price reaches this zone we may look for evidences of bearish reversal and may start looking for sells.

Buy Scenario:

H4 - Triple cycle completed, currently it looks like a retrace is happening in the form of double wave down towards the 38.2% - 50% fibo retrace zone.

Once the price reaches the magnet zone look for evidences of bullish reversal. We may then start looking for buys until price reaches the 38.2% - 50% fibo retrace zone of the daily special cycle.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.