USDJPY: correction phase
There's minor change from my previous chart.
Flat (A)-(B)-(C) correction could be done with wave 3 of (C) extended.
"USDJPY" has already entered the correction phase, I hope.
BOJ and FOMC will keep monetary policies unchanged next week. Market will not overreact to their decisions, I suppose.
What I'm concerned about is EU referendum at 23rd June. If the UK leaves the EU, strong yen will be inevitable.
If the price penetrates 105, the alternate patterns will need to be considered.
Take care and safe trades!
Flat (A)-(B)-(C) correction could be done with wave 3 of (C) extended.
"USDJPY" has already entered the correction phase, I hope.
BOJ and FOMC will keep monetary policies unchanged next week. Market will not overreact to their decisions, I suppose.
What I'm concerned about is EU referendum at 23rd June. If the UK leaves the EU, strong yen will be inevitable.
If the price penetrates 105, the alternate patterns will need to be considered.
Take care and safe trades!
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