USDJPY slightly lower short term then higher 180-ish
Monthly, From 1976-ish
Looks like we can count a clear 5 wave down ending in 2012.
Starting Feb 2012.
Wave (C) is a few pips larger than wave (A) I think wave (D) is still in progress soon to start wave (E), wave (D) going below wave (A) will validate this is not a impulsive 1-2-3-4-5, wave (1)
From Jan 2023 to Oct 2023 I think is a clear 5 waves (a) now working on an expanded flat correction. If we dip below wave (1) high then we may be seeing a leading diag for the larger decade wave 1, which is how I have it labeled.
This looks slow, so I think in the shorter term, we will see USDJPY lows below 125.85 in the coming weeks.
Waves are not spaced out to represent time.
Looks like we can count a clear 5 wave down ending in 2012.
Starting Feb 2012.
Wave (C) is a few pips larger than wave (A) I think wave (D) is still in progress soon to start wave (E), wave (D) going below wave (A) will validate this is not a impulsive 1-2-3-4-5, wave (1)
From Jan 2023 to Oct 2023 I think is a clear 5 waves (a) now working on an expanded flat correction. If we dip below wave (1) high then we may be seeing a leading diag for the larger decade wave 1, which is how I have it labeled.
This looks slow, so I think in the shorter term, we will see USDJPY lows below 125.85 in the coming weeks.
Waves are not spaced out to represent time.
Feragatname
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