There is also a waiting to be completed long-term. Prices are currently tracing out the CD leg of this . Upon the completion, prices will have retested the highs as is quite common. Wave 2 of any impulse wave can retrace almost 100% of wave 1. In this case, that is what I am expecting to happen. If prices reach this completion, I would actually expect this pair to put in a before falling and beginning wave 3 of the larger possible 1-2-3-4-5 impulse wave down later this year.
Year-to-date Profits: +5,794 pips.
USDJPY FULL Report (Subscription Required): http://bit.ly/2ttcCTV
This Month In Indexes newsletter: http://bit.ly/2tGqpcy
Want results like this? Join us: http://bit.ly/29x4bfM