finitemonk

Music Lines in Practice

FX:USDJPY   U.S. Dollar / Japanese Yen
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For a closer look. If under the strain of tumbling globalised stock markets, unwinding carry trades etc...
Technically it has to cross the Median Line (dark grey), break the lower dark blue channel line, flip what I think is a 'Root Note' Line (dark green) ... Sooner or later ending up at around 95.2 ish on a lower expression of the Prime Carrier (or below)
The converse to this is with every increment of Yen revaluation Japans debt becomes more expensive. It might choose the upward purple parallels as an effective channel (the bottom edge runs upward above the type 'Lower 4th Harmonic')
What is needed to 'keep things in balance' is a reemergence of the Euro crisis. ;)
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