BrianPenrod

USDJPY possible 170 Pip (+/-) move

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
looking at a classic wedge pattern here and an Elliott wave abcde correction pattern. We will see but I think it should push to the upside to the 2.618 extension based on previous time and price patterns. 16 bars 16 hrs band about 1.45% move each time.

My only issue with this chart is that I am looking at the Dollar hitting possible time and price resistance right now. see linked idea below.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.