AndyM

USDJPY offers a good entry point for a short next week

FX:USDJPY   U.S. Dollar / Japanese Yen
283 3 10
USDJPY             has exited a triangle in wave B of a corrective structure. The thrust should be swift and will probably reach 111. Once completed I expect the whole advance to be retraced - we will head to 100.
Update: this could be an impulse in wave C, not a triangle. I will refrain from entering short right now, will wait for more clarity.
snapshot
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What about alternative variant ?
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well, see you next week...
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