USD/JPY Reversal Zone should be below Res. line from 1990
119.20/60 zone which I pointed out on My previous Chart was breached. And it almost
goes above even Yellow Channel upper line, however wave AB since 118.05 will reflect
with equal wave CD (up to 120.75 ) which is capping with Resistance line from 1990.
Therefore Pink Zone should be USD/JPY's bearish reversal zone ( in case of breakout thru
Yellow Channel upper line).
Nikita FX (climbingfx.jugem.jp/ )
goes above even Yellow Channel upper line, however wave AB since 118.05 will reflect
with equal wave CD (up to 120.75 ) which is capping with Resistance line from 1990.
Therefore Pink Zone should be USD/JPY's bearish reversal zone ( in case of breakout thru
Yellow Channel upper line).
Nikita FX (climbingfx.jugem.jp/ )
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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.