USDJPY Aug 10, 2021. Rally Expected
USDJPY made 5 wave upward move since January 2012 to June 2015. And it appears the decline until Dec 2020 is corrective pattern.
Assuming the corrective pattern is completed in that time, USDJPY possible to proceed 5 wave move rally toward blue area.
121.540 for corresponding 38.2 percent of wave 1 or A
127.353 for corresponding 50 percent of wave 1 or A
Down break through price 120.600 will invalidate this prediction
-----
Never ever trade based on other people's analysis. Use this analysis as a second opinion to your own analysis. Best trading decision comes from own analysis.
Assuming the corrective pattern is completed in that time, USDJPY possible to proceed 5 wave move rally toward blue area.
121.540 for corresponding 38.2 percent of wave 1 or A
127.353 for corresponding 50 percent of wave 1 or A
Down break through price 120.600 will invalidate this prediction
-----
Never ever trade based on other people's analysis. Use this analysis as a second opinion to your own analysis. Best trading decision comes from own analysis.
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.