Usdjpy is on its way t the Z leg of the triple three correction as explained in our last analysis.
We are currently in a sell position for the wave c of thIS Z leg. The invalidation level for this analysis is around 107.000 psychological number
The corrective structure forming on the usdjpy chart as shown above is a triple three correction.
I expect market to complete another zigzag move down to complete the last leg of (W-X-Y-X-Z) correction.
Price is bounced so many times from key level 78.73
I think if the price will break that level up and a daily candle will close above - that will be a great buy signal.
Goal will be 80.80
Price broke out & closed on the 4 hour above resistance, Also many rejections to 50 fib level as well. I am expecting more upside as well as USD is one of the best performing pairs this week as well. Stop under supply zone 112.190 preferred ..
Trade with care! :D
