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leopisbig

#JPY targets <100 in the next 2 years

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
leopisbig  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Lines Elliott Wave japaneseyen JPYUSD jpy
5
0
trendline elliottwaves japaneseyen jpyusd jpy
  • Japanese yen is expected to appreciate in the next years, according to my TA (please see the chart.)
  • 100 level, as expected, is a very strong support line but JPYUSD will try to breach this zone once again, like it did in 2016.
  • For the near future, the currency seems to appreciate against the US dollar.
  • Currently, JPYUSD is in an ABC correction. This year will be a strong correction year.
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