FX:USDJPY   U.S. Dollar/Japanese Yen
16739 41 43
Hi Guys this is a short term sell setup. If it bounce there the up impulse will be a nice trade.
I will update this as it happens.

Trade with care
Thank you for your support.
Comment: Daily wave structure
snapshot
Comment: Hi Guys UJ broke to the up side so let it confirm more upside before any buys
snapshot
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thank you Anil
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i agree with the short term selling signal but seriously doesn't believe UJ will come back to 105+ level in a couple of years. please check the fundamentals, thanks for your analysis.
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fortham fdtbeijing
I'm interested in trading UJ on the fundamentals. Care to share more about the data? Thanks...
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anilmangal PRO fdtbeijing
I don't look at fundamentals, I have no idea how the market will react to any specific news event and as such i have no idea what I should do with the news.
+8 Reply
fdtbeijing anilmangal
fundamentals don't equal to news, that's two different things although people may confuse with each other. for me, Yen is definitely will be the best long in the years ahead, UJ is so weak that in weekly chart its rally can't even touch 20 MA, so don't dream of any significant rally for UJ.
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Lord1 fdtbeijing
What is your angle?
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Join my free webinar today and i will explain how all fundamentals is reflected in the charts (not just one specific news event but all know and unknown to us fundamentals are built in the structure). If you learn to read the structure then you don't have to waste time following the news since you will never get all the "real news" that is driving the market.
+8 Reply
Smiley8080 anilmangal
I am impressed, you are right, the charts should be correct whatever else.
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Whats the best tp?
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Hi Anil how far it all go up as believe JPY was hit today
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that was nice...started to fall
+2 Reply
Until where it will stop? Thanks
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in another word Gold Sliver go down then up!!!!
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I will look at Gold and silver in the webinar today .
+1 Reply
I joined the site just under 12 hours ago, and I must tell you I have acquire some knowledge that will take me my entire life. Thank you and God continue wisdom for you Anil Manga.
+1 Reply
Anil, thank you for introducing me to wave pattern and pattern trading. I have been in the market for a couple years now with not much success (surprise surprise), I've come across yourself and your way of understanding structures, I then came across elliott waves - I have been glued for the last week and a half and have genuinely been so fascinated by this idea. I'm not as interested in trading right now as I am to just learn and you're proving to be a really good teacher for me right now - thank you. I have been following your webinars on youtube - where can I see see your live webinar?
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judderod yatinsardana
I'm not sure I can post the link for you without it being blocked so check the top left area of this for the link https://www.tradingview.com/u/anilmangal/
Looks like this one broke out then bounced.
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Thanks
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thanks!
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Link of webinar please
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check in my profile
+1 Reply
Thanks
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Hi Anil, please upload webinar. I,m always at work and can,t attend. Always watching your recorded webinar. Love your insight. THX
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thank you Anil, i will follow it
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We'll be looking for this on Monday!
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thanks for the setup

I have order a sell @ 101.60
What you think Anil?
+4 Reply
dannydegrote PRO dannydegrote
short sell till 99.70 and then wait for the rebound up
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Smiley8080 dannydegrote
Thank you, Is 101.60 too high?
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it already touch 101.60 this night see chart!
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Dumb question, what counts as one pip on a jpy pair? 0.001=1pip?
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no 0.001 is 0.1 pip!
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ZakFX debainnoob
@debainnoob: It's the second digit after the decimal. A move from 0.01 to 0.02 is 1 pip move.
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Ok thanks for confirming.
+1 Reply
Will this ever break?
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nxtleveltrader Smiley8080
Well its got to make a decision any time now as its reached the top of the daily down trend structure, well soon see during the night! (Yes uk resident) Anyone set any sell orders if it does break?
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Smiley8080 nxtleveltrader
Yes, I'm in at 10135 staying away from a possible rise to 10185.
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debainnoob nxtleveltrader
Breakout to the upside maybe? Could the expected impulse down be 'skipped' out? I in no way have a comprehensive knowledge of EWT.
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TheWave Smiley8080
We broke straight up without the dip down
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Thanks for your updating, anil.
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can't agree more :)
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Hello Anil, what is ur analysis? Will it go even higher? Thank you
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