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goldenhorn

We can see one more down before up move at USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
goldenhorn  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis goldenhorn
6
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trendanalysis waveanalysis goldenhorn
USDJPY moved up after a long correction. And most of traders expect the USDJPY parity to go up even further. But according to me, this parity is in the last correction wave (C wave) and this wave is not completed yet. As is known, this wave consist of 5 small waves. And yet we only saw 4 waves. Therefore there is one more the possibility of seeing a final downward movement.
Lets wait and see. Should wait for confirmation before entry.
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