KiwiCapital

USDJPY short term bullish mid term bearish

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
0
DIvergence and wedge formation formed. Likely wave B to occur then further down for wave C. looking for 200MA. and possibly to the 123.1 area. Time frame - B pullback likely to finish early week (monday) then C leg down begin during Tues London trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.