actavis89

USDJPY - Butterfly Forming

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Watching price as we approach 112-113 range. With the yen looking weak despite a poor performing dollar today we are likely to continue up past 110.75 and 111.4. I am currently long with target of 112 after the cloud/Weekly open held as support. OBV resistance has been holding and trendline is approaching it we will see which one can hold. If OBV resistance breaks I will not be looking to short.

I don't typically use EW impulse/correction typically but I think it looks pretty good and matches my harmonic TA

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