Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point
BULL CASE
Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111.
BEAR CASE
Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
BULL CASE
Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111.
BEAR CASE
Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
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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.