Get started
TimeWaveTrading

USDJPY update

U.S. Dollar / Japanese Yen (FX:USDJPY)  
TimeWaveTrading  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis
7
0
trendanalysis waveanalysis
If USDJPY stops rising continuously after reaching the daily supply zone, the daily downtrend may come out again. If so, it will need to find bottom again in the monthly demand zone. There will probably be a rebound around 124-126. The rebound is so strong that it can rise to near the weekly supply zone.

However, after reaching the daily supply zone, if USDJPY continues to rise, it may head directly into the weekly supply zone. If so, this analysis is invalid.

good luck.
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.