U.S. Dollar / Japanese Yen
Short
Updated

USDJPY- Look to fall in 4th Wave till 102.75

180
USDJPY- Falling in 4th Wave -expected 102.72 - Rising Trendline broken confirms that retracement has started from highs of 103.74

This move likely happens to A-B-C corrective move so Stops have to be strictly above 103.75 for targets 102.75


USDJPY- Possible Triangle since 98.78 Lows
Trade active
21:09 Hrs 6th Oct2016

Small stop at 103.69 -saved -as expected UJ will make new highs above 103.74 once stop was taken in 103.69 - UJ made a high@104.09
A small topping out process is on cards- longs should careful.

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.