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holeyprofit

Potentially a large bearish butterfly in USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
holeyprofit  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis
5
1
trendanalysis waveanalysis
We've been in a hyper parabolic leg in this for a while. It's gotten a lot of attention and been well supported by news.

This has taken us up to the butterfly extension levels. Here we have a major make or break level for the USDJPY.

A spectacular turn could be on the cards here. If this level fails to turn the USDJPY, I'd be strongly bullish on it.

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