AndyM
Short

Has JPY finally reversed? Historic moment!

FX:USDJPY   U.S. Dollar/Japanese Yen
In the last few weeks JPY has finally exited the contracted triangle which it had been tracing for a few months, squeezing some thrust thereafter, and reaching 125.845. What followed after is an initial wave of decline, followed by another more violent one. The increasing momentum of the decline make me think that this is not a mere correction, but the development of the first downward impulse. We need to watch for wave 5 completion during the next week - and it there is indeed a wave 5, this would mean a multi-year ascending movement in USDJPY             is over and we are about to start a new downward movement which may last months and years.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out