USDJPY. Updated count. Another drop is possible.
The main thing - the break below 112.57 (low 18JAN2017) invalidated the previous count.
I think we are in abc (blue) correction before another drop down.
The blue C can surpass the top of blue A.
The break below white support line would confirm the start of another drop down.
Targets are between 38.2% (111.99) and 50% (109.93) Fibonacci retracement levels.
I think we are in abc (blue) correction before another drop down.
The blue C can surpass the top of blue A.
The break below white support line would confirm the start of another drop down.
Targets are between 38.2% (111.99) and 50% (109.93) Fibonacci retracement levels.
Comment:
Update
Trade closed manually:
The sharp reversal is not good. Book any profit. Need to see if it reversed
