This Is The Flag That Will Decide The Fate Of USDJPY!

USDJPY recently broke out of a large structure on the daily and weekly time frame. The current structure formation on the H4 time frame is what I have been waiting for. This is the second wave of this structure which should complete at around the 78% retracement level from the previous high. I then expect to see wave three to the downside where I will then be looking for the start of the big move up! We could see a break after 3 waves complete or 5 waves complete but should this flag break to the upside, there are huge targets!

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Happy trading!
Linton