FX:USDJPY   U.S. Dollar / Japanese Yen
389 2 18
Have a look at my previous post for context and to see the range price will stay in until we hit 95.


It is unclear to say whether we are correcting in a 'Flat' correction or a 'Triangle correction. Personally I prefer a triangle due to the way we found a bottom just below 100. For a Flat we need 5 waves for wave C and I find that hard to count so far. Nevertheless I think there is more bullish momentum to come so let's wait for the consolidation and buy the continuation with stop-loss below the consolidation.

updates will follow

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Comment:
You could hardly think that this was a bear Market for this pair with this count reaching 106
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Eff me... but I think you may be right.... I mean we all knew it was going to go up, but I was expecting a bit of retracement.... I guess that little red spot was it.
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