USDJPY Update - More correction or Buy?
USDJPY.
The pair has been moving with strong bullish momentum. After a 3 weeks correction, the pair seems to be under one more small correction before continuing with the upside.
This is currently the wave (ii) of the 5th wave that is under formation right now. After a 50%-61.8% fib level, we can expect a very good bullish momentum here.
Please manage risk while trading.
Check previous analysis here:
The pair has been moving with strong bullish momentum. After a 3 weeks correction, the pair seems to be under one more small correction before continuing with the upside.
This is currently the wave (ii) of the 5th wave that is under formation right now. After a 50%-61.8% fib level, we can expect a very good bullish momentum here.
Please manage risk while trading.
Check previous analysis here:
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