0801 USDJPY plans for the new correction
USDJPY on the right weekly chart has a flat wide red channel which is considered as wave 3.
The red ABC wave is considered not finished, that B would be another good entry again to short UJ to test 110 , where has been tested once last week.
On the left 4H chart, USDJPY could probably follow the red channel down to test the first blue support , price could go up or down after that.
Good luck to make some hard pips on such chart.
Less is more!
The red ABC wave is considered not finished, that B would be another good entry again to short UJ to test 110 , where has been tested once last week.
On the left 4H chart, USDJPY could probably follow the red channel down to test the first blue support , price could go up or down after that.
Good luck to make some hard pips on such chart.
Less is more!
