jefftan

USDJPY : BOTTOM OF DOWNTREND

FX:USDJPY   U.S. Dollar/Japanese Yen
218 4 2
Price is pulled by confluence of L-MLH and ml which is at the bottom of the upsloping major trend.

As long as prices stays above L-MLH, we will see reversal of trend upwards in line with the major trend.
Isn't it looking like it's breaking the other way, so the lower MLH of the black PF's a target?

(Hindsight's a wonderful thing...)
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So what's your target ??
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jefftan Ryan Tyler
short-term 98.80. Long term 101.30(this increases daily)
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this is right at your blue line
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