Once USD/JPY goes above 111.715 (labeled red), it will confirm a Triangle upbreak according to Elliott Wave Theory
That being said, the Low is likely in at 102.591
Building Long positions at reasonable levels upon its retracement (Wave 2) is very much encouraged
That being said, the Low is likely in at 102.591
Building Long positions at reasonable levels upon its retracement (Wave 2) is very much encouraged
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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.