USDJPY had rallied from 103.18 through 105.65 earlier carving Wave 1 of C. The subsequent drop has been unfolding as a triangle a-b-c-d-e, which terminated potential Wave 2 around 103.90 yesterday. If correct, we might witness a sharp rally towards 107.30 and higher as Wave 3 unfolds.
Buy against 103.18, targeting 107.00 and higher
Buy against 103.18, targeting 107.00 and higher
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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.