This is a total wave image of USD/JPY. Weekly Cloud top was capped already and risky with a Deep penetration within the Cloud. However Larger IH&S RS (Right Shoulder) was already formed and Long term Black ascending trend line must be supportive in the future, too. Therefore its wave will swing more between Pink ascending parallel zone and Black ascending trend line.
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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.