FX:USDJPY   U.S. Dollar/Japanese Yen
249 5 1
Something to consider...
The wave from the June low looks like an impulse wave, which sort of negates this as a valid interpretation in EW.
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Hi. I'm very interested in your analysis/methodology ... I kind of grasp what your doing, but would be great to have some more deets. Thanks.
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fxgraffiti finitemonk
The idea is that triangles can appear as wave b in abc corrections. It's a bit far fetched to imagine usdjpy taking out the June low around 93.78 but the possibility is there I suppose.
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finitemonk PRO fxgraffiti
I don't think that's so far fetched ;)
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I also think that USDJPY will retest and possibly break the June low to form Wave C. However I do think this will initiate one more impulsive wave towards 107+ (i.e Wave 5).
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