Bulls Taking Charge Over USDJPY, Temporary Top May Be Around 112

Discussion in 'Technical Analysis' started by Kaitlin, May 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USDJPY broke sharply higher this week, out of a triangle so recent price action was wave four and not wave two since triangles never occur in a wave two position. That said, we are now looking at a strong rise as wave five of 1 that can be looking for[​IMG]

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