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melvinljw

Short USDJPY, Elliot Waves

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
melvinljw  
FX:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis Chart Patterns USDJPY
2
0
waveanalysis chartpattern usdjpy
Looks like we are ending wave 2/B of an upward correction.

Current levels at 78,6% retracement and 100% projection of Wave A near 112.4 levels.

We will expect wave 3/C to unfold, which should bring us back to 109.8 at least.

Short : 112.4
SL : 113.4
TP : 109.8
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