FX:USDJPY   U.S. Dollar/Japanese Yen
137 2 0
50% fib seems to be holding on 4h... for now. Lots of interpretations for on how this could go - price action is confusing but on lower time frames than this, seems to be impulsing up. The longer term charts are clearer to me which is where my analysis is based on... I am most likely incorrect with timing this long as w4s are so soooooooo soooooooooooo tricky, but I do see a good chance of up at some point if only to 103 area for time being.

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USDJPY daily
Monk about USDJPY 2 years ago
kate25 PRO
2 years ago
I think you are correct Monk - I was looking for a top around 1.0264 area - however a HS pattern changes the target a little
Monk kate25
2 years ago
yo yo... im looking at the w4 triangle formation given the indicators being overbought now on the 4h down. More up though to 103 i still believe. That's where I'll take profits (hopefully!) If it then retraces i'll look to go long again for at least a test of the highs.
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