USD vs. YEN - Swing Trading Idea - Uptrend Coming Soon - 30 July

Long

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

waveanalysis chartpattern trendanalysis usdjpy trade swing yen dollar dxy

USDJPY strong uptrend needed correction. In this moment this correction is healthy. I don't expect USDJPY to continue sharp drop to levels over 130 and 128. DXY corrected over 3% and there are big probability for a range move in one month period ahead.

- By Elliot Waves the price forming A-B-C correction.
- In the end of C-5 corrective wave
- Sharp volatility capitulation

If you have any questions related to this trading idea I will be happy to provide you with answers.

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