wes999

USDJPY Reversal Move

Short
wes999 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
After the large Daily candle move to the downside USDJPY will most likely retrace to the trendline it crossed and then move back down lower. We can expect a move down to at least the 38.2 fib level but this may be considered the C leg of an Elliot Wave pattern so it may be going much lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.