This is my second edition regarding USD/JPY Big Picture. As I predicted with the last edition, IH&S neckline 2 was breached in the end of last year (which was beyond 120.00 level). So far IH&S neckline 2 breakout looks like a False pattern due to the coming wave Major-2 (which target will be at 111--112 ).
Therefore we should wait for coming wave Major-3 (which target will be at 162 Yen level)
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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.