FX:USDJPY   U.S. Dollar/Japanese Yen
70 2 6
Waves 1 & 3 were normal and it looks like we're getting a complex 4th wave correction. This means that we're likely to get a 5th wave extension (100% of 0-end wave 3). I'm looking to get long around 108.00.
any ideas on eurjpy?
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Marvin iaak1983
It's a bit tricky. I'd wait and see if it retraces to 123 and see what happens. It's bounced off the 61.8 fib from both the previous high and low. Clear downtrend since December plus my wave count tells me the 5th is still to come. so I'm wary of buying. Don't like trading the corrections. Good luck.
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