FX:USDJPY   U.S. Dollar/Japanese Yen
706 5 16

This is part of my weekly analysis newsletter that is sent out every week to subscribers. Use this analysis in addition to your own analysis of the markets.

USDJPY             is currently making a correction and consolidation near its lows where I have marked as the end of the MAJOR wave A. If this wave count is correct, then there is nowhere to go but up in the long term. But in the short term, there are still some substantial moves that will happen before any sustained trend will occur.

Given that the Fed rate decision is in 10 days, be careful about taking any trades.

There are 2 POTENTIAL patterns that are already in play and relevant to my analysis: A Gartely (yellow) and a Bat (green). There is also a POSSIBLE Bat (blue) that may become a POTENTIAL Bat depending on further price action.
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Hi! You posted the wrong date :)
EverythingForex PRO PhilippeRitchot
This is a Weekly Review Update that is reviewing the PAST week and using that past price action to project into the current week. That is why the dates are the way they are.
EverythingForex PRO EverythingForex
But I can see how that can be confusing. Maybe I'll make some adjustment for next time I post this. But I may not post here.
PhilippeRitchot EverythingForex
oh sorry in that case! thank oyu for the charts once again
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