Following the simple pattern of Elliott's wave, seems the USD/JPY reached its peak as indicated on point B, Arguably, point C is going downward. Everything is possible account for the fiscal policy, inflation rate, policy of central bank, etc.
Disc On
- Closing price as per Sept 15th, 2023 UNTR Rp 28.425 (+3.74%) with a full body candle and prevail above EMA 200. At the same above 61.8% (Rp 27900) Fibonacci level.
- There is still a GAP after Dividend cum date last April 2023.
- Pay attention whether there is a correction on Monday September 18th, 2023, could be a good deal to open position for swing and wait...
