This is my long term view on USDJPY (Years ahead!):
Short target: 72 JPY When: April - May 2023
Why: - I call it "Harmonic Wedge" because: - Wave 5 on the descending wedge. - Arc 5 is the next step. - Fib circles confirms this. - The golden ratio says the same (a+b)/b = a/b = 1.618.
Long target: 190JPY When: 2031-2032? - Wedge potential gives this target. - Break out (red cross) is confirmed by the golden ratio. - The vector is also a copy of earlier wave (3-4).
Note! Very often a break out starts earlier and an earlier ascending path could happen. This is drawed with a dotted arrow. Arc 3 could be the support + local 0.5 fib level.
Comment
My Mid term idea. It may delay the downtrend a "bit":
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