(Time Wave) USDJPY is also in a weekly uptrend.
Hello.
Time wave analysis update for USDJPY.
This is the progress since the last publication.
I mentioned that the 10-year U.S. Treasury yield is going to rise.
Then, due to the rise in interest rates, crude oil rises and the yen is going down.
So, USDJPY is going up.
The upward wave of USDJPY is rising while drawing a weekly correction trend line. It looks like it will continue to draw a weekly correction trend line even after corrections are made.
However, since the entire USDJPY pattern is a yearly correction pattern,
If the weekly correction trend line is broken, a monthly correction will occur, and if the monthly upward wave does not continue
Again, this is a structure that allows yearly correction to proceed.
This means that after an uptrend, there may be a downtrend.
However, I don't think it's necessary to predict in advance for the time being.
good luck.
If you have any questions about Time Wave trading,
You may find it helpful to watch a video on my YouTube channel.
It's in Korean now, but I'll insert an English translation in the future.
Also, if you have any questions about the video, please leave a comment, and I will answer.
Time wave analysis update for USDJPY.
This is the progress since the last publication.
I mentioned that the 10-year U.S. Treasury yield is going to rise.
Then, due to the rise in interest rates, crude oil rises and the yen is going down.
So, USDJPY is going up.
The upward wave of USDJPY is rising while drawing a weekly correction trend line. It looks like it will continue to draw a weekly correction trend line even after corrections are made.
However, since the entire USDJPY pattern is a yearly correction pattern,
If the weekly correction trend line is broken, a monthly correction will occur, and if the monthly upward wave does not continue
Again, this is a structure that allows yearly correction to proceed.
This means that after an uptrend, there may be a downtrend.
However, I don't think it's necessary to predict in advance for the time being.
good luck.
If you have any questions about Time Wave trading,
You may find it helpful to watch a video on my YouTube channel.
It's in Korean now, but I'll insert an English translation in the future.
Also, if you have any questions about the video, please leave a comment, and I will answer.