I've posted this to give an overview of the USD YEN pair. Trading View charts rarely give us enough historic data to get a complete picture but it can be found on google. The link below shows this pair since 1970 where price drops from 350 plus giving us an bear impulse.
By extension we can see that price has been scribbing out a huge ABC correction.
Given this we are probably in a C wave which will take a few years to complete. Having a bigger picture can help with our forecasting on a daily/weekly timescale
Hope this helps - I will do a video on this analysis if requested
Good luck Steve
Comments
johannes.patat
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If price reaches 124.000 we could start a nice reversal head and shoulders.Don't know if this pattern is relaible on the monthly chart...Greetz,Johan
steveb4088
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Interesting. Reminds me of ray dalios long term debt cycle analysis thanks
SteveNixon
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@steveb4088, Thanks for your comments Steve - Someone on twitter suggested that it may be a running flat. Either way I still think it has more up side. I haven't seen the Ray Dalios analysis I assume his ideas are based on fundamentals (I'll look it up on google) This analysis is purely based on my interpretation using wave theory.