U.S. Dollar / Japanese Yen

USDJPY--false breakout??

Updated

Is today's move the start of a bigger move--or is it a "E" wave false breakout out. THE big big picture is for USDJPY to weaken, but still think we need to see a "C" wave completed first..then USDJPY will have dramatic move higher...

snapshot

Note

Alternative count--if E wave failure is not correct

snapshot

Note

The bigger picture on DXY--would argue that scenario 1 is correct--looking for failed breakout.

snapshot

Note

Breakout failure "E" close to confirmation

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.