USDJPY (long-term)
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
Note
Higher in the fifth waveThere’s a new local high, so it turned out that wave C of ((D)) hasn’t been finished yet. If correct, we’re going to see the price a little bit higher in the short term as wave ((v)) is continually unfolding. Considering that wave ii might have been in place, a third-wave advance should begin shortly.
Trade closed: target reached
Diagonal might be in place – ST
It seems like the fifth wave of wave C might have been in place in the form of an ending diagonal. If correct, wave (D) is likely over. A break of 110.420 will bring more evidence for this scenario.
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Related publications
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.