Get started
U.S. Dollar / Japanese Yen

USDJPY--false breakout??

By bdltrd
Updated

Is today's move the start of a bigger move--or is it a "E" wave false breakout out. THE big big picture is for USDJPY to weaken, but still think we need to see a "C" wave completed first..then USDJPY will have dramatic move higher...


snapshot
Comment
Alternative count--if E wave failure is not correct



snapshot
Comment
The bigger picture on DXY--would argue that scenario 1 is correct--looking for failed breakout.


snapshot
Comment
Breakout failure "E" close to confirmation

snapshot
Chart PatternsTrend AnalysisWave 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.