SirajHudda

USDJPY Wave 5 of 5 of 5.. Be prepared for the long term downmove

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY elliott wave count shows that it is soon going to complete wave 5 of 5 of 5 and will end a cycle wave at around 125.27 as the first zone where I would close all long positions and wait for a reversal down move which could be a long term down move to atleast 104.00 zones. RSI and MADC divergence are visible on daily charts indicating the low momentum as the rally progress.. The thurst from wave 4 triangle would end around 125.27. Be Prepared!!

Happy Trading!!

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