FX:USDJPY   U.S. Dollar / Japanese Yen
AS YOU CAN SEE PRICE IS MAKING AND ABCDE WEDGE. I AM THINKING PRICE WILL MAKE A GOOD RALLY UP

REASONS:
1) IF YOU SEE THE "E" WAVE FINISH JUST AT THE CONFLUENCE OF THE SUPPORT OF THE STRUCTURE AND THE 61%FIB LEVEL.
2)MACD IS SHOWING DIVERGENCE
3) IN A BIGGER PICTURE WE MIGHT HAVE AN ABC SEQUENCE, AND WITH "E" WAVE "B" WAVE FINISH TO START "C"WAVE

IN THE OTHER HAND, I DONT SEE US DOLLAR INDEX GOING UP TO GIVE THE STRENGH TO THE RALLY UP HERE, BUT ANYWAYS LOOKS REALLY GOOD THIS ANALYSIS, I AM 99% SURE THAT IS GOING UP.

ALSO, WITH "E" WAVE I WANT TO SEE MORE DIVERGENCE WITH MACD.

WHAT DO YOU GUYS THINK? I AM RIGHT?

LIKE OR COMMENT YOUR IDEAS PLEAS.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.