Traders,
USDJPY is in weekly correction since 15.12.16, expecting to come to the end soon.
-Price has made a higher-low ending at 88.6 Fibs retracement of previous impulse with an expanding diagonal triangle at C corrective wave or 5th internal impulsive wave of possible 1st wave, if finally price breakdown the pointed areas.
Watch price at 110.860 if we get an abc correction, will watch for long opportunities.
-If it breaks down impulsively, look for further downside and the start of 3rd impulsive wave for one more drop before the break of weekly corrective structure.
Trade with discipline.
Best
USDJPY is in weekly correction since 15.12.16, expecting to come to the end soon.
-Price has made a higher-low ending at 88.6 Fibs retracement of previous impulse with an expanding diagonal triangle at C corrective wave or 5th internal impulsive wave of possible 1st wave, if finally price breakdown the pointed areas.
Watch price at 110.860 if we get an abc correction, will watch for long opportunities.
-If it breaks down impulsively, look for further downside and the start of 3rd impulsive wave for one more drop before the break of weekly corrective structure.
Trade with discipline.
Best
