Yen is in a large counter-trend corrective move.
Wave C (blue) is underway within a larger degree XX wave.
It can hit between 108 and 110.5 where C=1-1.27 0f A.
Right now the price is at the barrier of the downtrend resistance.
The break of it would facilitate further upside move.
Then we can see another drop down sub-100 area in a wave Z.
Wave XX can be equal in duration with wave X and then should end by the 20th of September
Wave C (blue) is underway within a larger degree XX wave.
It can hit between 108 and 110.5 where C=1-1.27 0f A.
Right now the price is at the barrier of the downtrend resistance.
The break of it would facilitate further upside move.
Then we can see another drop down sub-100 area in a wave Z.
Wave XX can be equal in duration with wave X and then should end by the 20th of September
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.
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.