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USD/JPY Completes 5 Bullish Waves At Top Of Bear Channel

Discussion in 'Technical Analysis' started by Kaitlin, Sep 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD respected the 50% Fibonacci level of wave X (purple). Price could retrace to a higher Fib level such as the 61.8% or 78.6% Fib of wave X vs W before completing wave Y (purple) at wave D (green). The current wave count is expecting price to show a[​IMG]

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