ridethepig

BRLJPY ready to move higher

Long
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.

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