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harshjapee

USDJPY structure remains intact above 103.18

Long
U.S. Dollar / Japanese Yen (SAXO:USDJPY)  
harshjapee  
SAXO:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators USDJPY Technical Analysis
2
0
trendanalysis indicator usdjpy technicalanalysis
USDJPY terminated a potential Wave 2 around 103.50 levels yesterday. The triangle count did not work out as projected as bears managed to produce a combination for Wave B within correction. As stated earlier as well, corrective waves usually reveal past price action. If Waves 1 and 2 are now correct, USDJPY bulls are back in control and heading towards 105.00, 106.00 and further.

Long against 103.18, targeting 107.00 at least.
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