With the consolidation over the last few days turning into a possible 4th or B wave traingle the USDJPY coud now spike up to the 106.00 area to finish pf the triangle.
Trade active:
With the spike done friday on both price and RSI I would have to think this move up for (C) up of the triangle is complete and should be headed down in the (D) wave.
A target down would be around 101.50 for (D) wave as long as the high of 105.50 holds.
A target down would be around 101.50 for (D) wave as long as the high of 105.50 holds.
Comment:
Working on red "a" of D.
