USDJPY is two wave sideways, then short. According to our strategy, the exchange rate of USDJPY will range from 108.4 to 110.93. This side view assumes a 3-wave motion. From these three wavy sides we would expect to move down to 105,072. If our strategy was correct, there is a long entry from this level, for which the level is 117.48.
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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.