CapMoore

Extended D level possible. Waiting for a bounce to long.

FX:USDJPY   U.S. Dollar / Japanese Yen
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Fast PA and nicely formed ABCD with ideal inner abcd of the
two legs. The early reaching of D level, signals possible
continuation to 127D or even 161D without any respect
of the D level at 106,80. With the top of the LT wedge
(white line) and the Median Pitchfork line (red line) ,
price is heading into heavy resistance turbulent territory.
To buy a bounce is preferred strategy from this extended
level.
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