FX:USDJPY   U.S. Dollar / Japanese Yen
222 9 0
The reason I post this chart is that the shorter term charts are starting to look bullish
and for both technical and fundamental reasons there is a good chance that we may
see the start of the next leg higher very soon.
Read more here: http://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2013/08/09/Japanese_Yen_Surges_but_Were_Looking_for_Major_Reversal.html

Main view: we are correcting the 3 wave and we are in wave C which should give us a new low near 90 before higher.
Alt view: we are in a 4:th wave triangle and we should look for a low very soon.

Look below for more charts.
We retested the broke TL and went lower
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I have switched long
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ATM I see the three following resolutions:

Red = very bearish and we are still in an A-B-C correction where we should see lows at least near 90,
and max near 84.20 (wave 1)
Blue = medium term bearish, a failure to break 93.7.
Green = bullish triangle as shown in recent charts, BUT to confirm a bullish triangle break-out
we must first take out 101.5. As long as 101.5 holds, the possibility for an A-B-C correction
can't be ruled out.

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There could still be a triangle bc it looks like a 5-3-3-3-3-3, it could also be a 3-5-3 followed by 3-3-3-3-3
- in other words it can resolve bullish-le or bearish-le



It could break bullish or bearish.
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Could be that this triangle break out is fake. In the short term I'm looking at a low near 98
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usdjpy 4h retesting broken triangel
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We could see the next leg higher here
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Bullish RSI divergence; 5 waves up and 3 down=text book long
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First time since october 2012 we are below the daily 200wma
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