EuroMotif

USDJPY has another leg down? UJ abc retrace watch

FX:USDJPY   U.S. Dollar / Japanese Yen
Quick plot to map some Support and Resistance zones.

UJ apears to be in an ABC correction that is nearing completion.
Wave C shows a perfect 5wave structure, with wave 5 to come.
Initial velocity of wave A hints at a possible extended wave C.

107.58-.60 is the "prescribed" target.
107.35-.38 is the "extended" target.
107.22-.23 is the "risk panic" target.

Chart Notes:
Drag UP on the PRICE scale to reduce overlapping numbers.
Drag RIGHT on TIME scale to reveal more history and fibs.

See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

USD.JPY long call (exact entry within Pips)
USD.JPY short to long (recent perfect entries)
EUR.USD short call (in time, to the Pip)
EUR.USD long call (scalp that ran hard)
EUR.USD short Call (perfect top, huge profits)
EUR.USD trend Short (the very tip-top a year ago)
USD.CAD short call (perfect entry, huge profits)
GBP.USD dip Call (just in time, quick 70 pips)
DXY toping call (Upthrust warning just in time)
AUD.USD trend Short (perfect short a year ago)
XAU.USD top call (perfect long to short flip)
XAU.USD to $1367? (caught most of the spike)
Silver Bounce scalp (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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the Trading View is my Nation
the Moderator Tag is my Flag
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