FX:USDJPY   U.S. Dollar/Japanese Yen
387 2 18
3 months ago
Have a look at my previous post for context and to see the range price will stay in until we hit 95.
USDJPY the big picture


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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3 months ago
Comment:
snapshot
Trillionschifer
3 months ago
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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TomPower
3 months ago
You could hardly think that this was a bear Market for this pair with this count reaching 106
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