Sell 103.5 (1.618 fibo) Sell below correction channel
Wait for divergence in stochastic Sell at ichimoku SSB line 105.2
USDJPY 4 hr chart Look for sell @ 104.0 - 104.5 Target 94.6 (61.8% weekly retracement)
USDJPY 4hr chart Most bearish wave count Sell below 100 Sell below 98.9
USDJPY 4hr chart Wave count Sell 61.8% retracement of last move down Sell around 104
USDJPY Daily chart Right now EMA cross in 1 min and 5 min chart is bullish There is a chance for selling at daily EMA(21) red line test Around 102.3
USDJPY 4hr chart Updated wave count Close to weekly fibo 2.618 and 3.0 Possible wedge in 4hr chart
USDJPY weekly chart USDJPY is in wave A Could complete wave A at 2.618 fibo level, or fibo 3.0 at 96.6 Wave B target would be 0.618 retracement at 116
USDJPY 4hr Stochastic shows divergence, if this true, then an alternative wave count ABCDE is more probable In a wedge the wave B is usually 0.618 retracement This week only sell below 100.6
USDJPY 1hr chart Updated wave count This week price was rejected 2 times by EMA(233) red line Next week try selling any retracement towards EMA(89) green line or selling below 100.6
USDJPY 1hr chart EMA(233) red line EMA(89) green line Wave 4 completed in 102.65, EMA(233) acted as resistance (this wave count invalidation was above 102.8) Currently is in wave 5 A degree lower already made 5 wave down move, and currently look for wave 2 to complete Resistance EMA(89) and EMA(233) Monitor lower time frames around these values for...
USDJPY 1hr chart Wave count Sell to complete wave (3) towards 99 wave iv should not pass 102.8 (wave 4 inside wave iii) invalidation above 102.8
USDJPY monthly chart Moving average cross strategy EMA(5) vs EMA(21), fibo numbers After bearish cross, wait for red line test for a good sell entry Right now, red line is at 111.25
USDJPY 4HR Wave 5 could be a wedge, it started with an abc move Look for 0.618 retracement of the first move down
USDJPY daily chart Wave 5 started to complete wave C Target 95 (0.618 retracement )
USDJPY 1hr chart wave count No crash after BoJ, it is more probable ABC move, support is 102