Here i identified one harmonic pattern Bullish Crab which will be completed somewhere 104.10. In my opinion for long term, this pair will go lower towards the handle of 101. If this completion is right, we might have price to do pullback against 110.40 high.
Technical Strategy : Buy Limit 104.10 with Stop Loss at 103.70. Target Take Profit 109.25
Technical Strategy : Buy Limit 104.10 with Stop Loss at 103.70. Target Take Profit 109.25
Note
Price looks like to be retesting the broken down trendline (Weekly). Also it is on Wave 4 of corrective. Target is still 104.10 for the last 5th leg down.
Note
Note
Some news came in with the Trump's Economic adviser resigned and made USDJPY moving lower as expected.Note
Here's the updated chart.
Note
Price to be making double correction. Still gonna see one more leg lower towards 104.10
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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.