chessnut

USDJPY EW Analysis - triangle formation continues

FX:USDJPY   U.S. Dollar/Japanese Yen
450 4 11
I published the count of a triangle count in the UJ earlier. This count has extended and is equally attractive as the last.
I'm fairly clueless atm, but this is what I have... :P
snapshot
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chessnut OptimusPrime
looks to me like its breaking to the upside but I guess thats still possible.
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Nice one Chessnut - I was looking at a similar pattern as well. The xxxJPY crosses may be attractive shorts if the USDJPY takes off.
+2 Reply
chessnut JWagnerFXTrader
Totally agree seeing as EU looks a bit bearish to me. The implications of bearish UJ and EU on the EJ are... bearish.
+1 Reply
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