The trend is bullish on the
USDJPY
, with a possible AB=CD in formation.
The major 2015 pullback seems to have arrested on the long term 0.5 FIB.
Always a great pair to observe.
USDJPY
, with a possible AB=CD in formation. The major 2015 pullback seems to have arrested on the long term 0.5 FIB.
Always a great pair to observe.
Comment:
On the daily timeframe, the trend is still bearish, but we potentially are in a moment of reversal, with
a great looking bullish H&S on the horizon. Let's observe the pair closely, for the moment.
On the daily timeframe, the trend is still bearish, but we potentially are in a moment of reversal, with
a great looking bullish H&S on the horizon. Let's observe the pair closely, for the moment.
In the weekly timeframe, the trend is now bullish and the pair seems to be heading up out of the major key level. Interesting movement, this one.