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USDJPY : Correction In Sight

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY is at a new low which can be wave v) now of an impulsive decline from 121.68, so we need to be aware of a limited downisde in the next few hours. We know that after every five waves market will turn with minimum three wave formation. That said, an a)-b)-c) up to 118.26-119.00 would be ideal scenario before we get a new strong impulsive decline. USDJPY, 1H

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