jdemunter
Short

Usd/Jpy : Breakout on fed news event

FX:USDJPY   U.S. Dollar / Japanese Yen
In the last post about Usd/Jpy             i mentioned a top was near, price has come down nicely since then. This decline was corrective and this EW count suggests price is ready to break out of a triangle wave B and continue the trend lower again.
Just like the spx500
Reply
jdemunter claydoctor
Hi Claydoctor,
Thank you for you comment! i don't see a (elliot wave) triangle in the spx500 but the rally from the low is corrective and the direction will likely be the same as usdjpy.
Best of luck !
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