finitemonk

USDJPY - SUGGESTED ROUTE

FX:USDJPY   U.S. Dollar/Japanese Yen
58 1 1
I've adjusted some lines to what I think are the correct placements.
Crossing or confluence of lines often gives ease of passage. If the pair is to go
up as I think it now will, as the 'reaction effect' (these parallels are very good at turning price movements),
it should I hope gain reentry to the minor fork as noted. If it fails the red median line it may drop
out somewhere around the suggested exit. If it crosses it and especially gets back inside the 'purple' channel
... different story.
My bias has been that the pair will head lower - as fundamentally incorrect as that may sound in my head. Trying to remain neutral, but it better sh*t or get off the pot here soon...
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