USD/JPY - Short-Term Bearish - Short Set-up
100 Levels posed as very significant and the overall Correction began.
Intermediate Corrective Waves A and B have been confirmed.
Within the Intermediate C Corrective Wave, we have confirmed the Minor Waves 1 & 2.
3rd Impulsive Wave is not yet finished as we are expecting a Contraction on the down-side in order for the Minute Wave 4 to complete and then another Bullish Swing so that we will complete the 3rd Impulsive Minor Wave.
Short-term: Bearish
Medium-term: Bullish and then Bearish
Long-term - Bullish
Intermediate Corrective Waves A and B have been confirmed.
Within the Intermediate C Corrective Wave, we have confirmed the Minor Waves 1 & 2.
3rd Impulsive Wave is not yet finished as we are expecting a Contraction on the down-side in order for the Minute Wave 4 to complete and then another Bullish Swing so that we will complete the 3rd Impulsive Minor Wave.
Short-term: Bearish
Medium-term: Bullish and then Bearish
Long-term - Bullish
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.