The USDJPY seems to be finishing the long time retracement from October 2016 to April 2017. This kind of waves are better known “Wave X”. This retracement will find his 38.2% fibbos retracement at 114.50/115.30 levels, that almost reached but apparently should be retested.
In the Mettle term we still in an up trend that began on Jun 15th, 2017, and know retraces a 50% fibbo movement from on June 15th, 2017 to July 6th, 2017. And a Expansion could be reached at 115.00/30 level.
Important resistance.
Also, We have a really good resistance at 112.00 that was tested on; February 07th 2017, February 27th 2017, march 30th 2017, may 25th 2017, June 19th 2017, and more recently at June 29th 2017.
Just for Elliott Waves Users
So then we are finishing wave X, from an W,X,Y retracement. Inside the X we are in the last part of the A, B,C Pattern, and inside the C we are finishing the wave 4 from an 1,2,3,4,5 patthern. If this wave 4 retrace more than 111.50 level this investment hypothesis should be reject. So we will assume that we are in the A wave of Y wave.
Excellent trades for every One!
In the Mettle term we still in an up trend that began on Jun 15th, 2017, and know retraces a 50% fibbo movement from on June 15th, 2017 to July 6th, 2017. And a Expansion could be reached at 115.00/30 level.
Important resistance.
Also, We have a really good resistance at 112.00 that was tested on; February 07th 2017, February 27th 2017, march 30th 2017, may 25th 2017, June 19th 2017, and more recently at June 29th 2017.
Just for Elliott Waves Users
So then we are finishing wave X, from an W,X,Y retracement. Inside the X we are in the last part of the A, B,C Pattern, and inside the C we are finishing the wave 4 from an 1,2,3,4,5 patthern. If this wave 4 retrace more than 111.50 level this investment hypothesis should be reject. So we will assume that we are in the A wave of Y wave.
Excellent trades for every One!