BRLJPY ready to move higher

FX_IDC:BRLJPY   Brazilian Real / Japanese Yen
Here we can see the end of a 5 wave pattern to the downside and the AB leg of the ABC correction complete.

So what does this mean?

Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially if you are a believer of the bearish Yen story.

Best of luck those who like to play EM, we are in for large moves this year on the EM FX board.

Please remember to like and comment, thanks!


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.