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USDJPY : Correction Within Uptrend

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY is moving sideways for the last month or so, which looks like a corrective move because of overlapping waves within a trading range of 160 pips. Last week we have firstly seen a sharp leg down but not beneath 122.24 low that is still in place, so our triangle count for wave (iv) remains valid. Ideally price completed wave e) so sharp leg up can follow in this week, especially when 123.67 is broken. USDJPY, 4H

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