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salsapete
Apr 28, 2018 2:28 AM

USDJPY Channel Long Long

U.S. Dollar/Japanese YenFXCM

Description

Suggested Wave pattern for USDJPY , which is carving out a corrective major C wave channel structure.

Within this consolidation , price could be making a minor d wave that could complete near the 200W MAV $112.80.

Momentum ( stochastics) is suggestive price will move further to the upside.

Consider a long position , on intraday retracements , targeting the upper channel trendline.





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