AbhishekHSinghCMT

USDJPY- Back Again- Irregular Flat Correction since 98.78 lows

FX:USDJPY   U.S. Dollar / Japanese Yen
686 3 18
Coming back again, after a long time.

UJ could be having irregular correction, which has an impulsive wave in action since the 100.08 lows. It shall be reaching 161.8% at 108.60-1.08.65 of its internal wave-((i)) projected from wave-((ii)) to give us (( iii             )) wave - Once if UJ holds in that zone - we shall look for a correction in the zone 105.50-105.75 zone which will retrace the current up move by 38.2%. Finally- Once it holds 105.50-105.75 - It shall give the final push to new highs above recent (( iii             )) wave high.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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gut !!!!!!!!
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Thank you! This was very helpful for me today!
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AbhishekHSinghCMT PlamenaYordanova
@PlamenaYordanova, Once we finish this up move likely we will see one leg down in the zone 105.50-106 zone which got shifted because of extension in (iii) wave.
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