I believe many of us are wondering and keep wondering where will be the top pf usdjpy? Is thing pair ever going to reverse again?
Therefore in my study and humble opinion the answer is yes. There are 2 possibilites of scenario here.
This post is the 1st scenario, running flat scenario. You can google what is running flat.
If this scenario to be valid so the top (B wave) should be between 141.184-144.120 (fibo 127.2%-161.8%) of wave A. Then the wave C whenever the market corrects after wave B would be 133.632-130.391 (fibo 61.8%-100%) of wave A.
I wish u all the very best trade here.
Therefore in my study and humble opinion the answer is yes. There are 2 possibilites of scenario here.
This post is the 1st scenario, running flat scenario. You can google what is running flat.
If this scenario to be valid so the top (B wave) should be between 141.184-144.120 (fibo 127.2%-161.8%) of wave A. Then the wave C whenever the market corrects after wave B would be 133.632-130.391 (fibo 61.8%-100%) of wave A.
I wish u all the very best trade here.
