USDJPY, wave 5 Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 12, 2017 4:23 PM

As long as we cannot break below 112.9, we should have the missing wave 5 coming up next.

If wave 1=5, we hit top of descending TL on a longer TF.

Details on chart!

GL.

Wave Analysis USDJPY

Comments

y.k.

⋅ Jul 12, 2017 6:14 PM

Thks, my wave count hereunder

y.k.

⋅ Jul 12, 2017 6:16 PM

@Y.k., we are at wave 4 of wace 3 extension.

herdelphiniums

⋅ Jul 12, 2017 6:18 PM

@Y.k., agreed ! Not sure about 3 could be last leg of correction up. Meaning a Y or C wave.