TradingView
UnknownUnicorn4341532
Jan 5, 2020 7:57 PM

USDJPY - Short in January (long Term) Short

U.S. Dollar/Japanese YenFXCM

Description

This is not a setup but this is a forecast based on Elliot Wave Analysis. Please keep in mind that no guarantee this is gonna work but it is what it is.

USDJPY has been in a long term correction, slowly but sure it creates sort of clearer movement so easier to catch it. I assume USDJPY is making an ending diagonal pattern in Weekly timeframe and its finishing Wave 5, with that being said I would love to see this pair to drop to at least 105.000. Remember that this is a long term forecast and see how it goes.
More