From 1998, USDJPY started to unfold the corrective waves. Since it formed a triangle, the pair has one final wave (e) to complete the Wave [ II ] of the larger degree.
4 Hours Chart
At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 116.98 area. Just like GBPJPY and EURJPY, the pair are currently in the 3rd Wave of the larger degree. We still don't know, whether the pair are ready for a short term retracement, or it will continue the journey to the north. If the retracement occurs, it will be easier for us to predict next target using Fibonacci analysis.THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.
Elite Bisnes Team
2 comments:
Excellent work buddy ..keep it up
guna from INDIA
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