USDJPY Update - More correction or Buy?
USDJPY.
The pair has been moving with strong bullish momentum. After a 3 weeks correction, the pair seems to be under one more small correction before continuing with the upside.
This is currently the wave (ii) of the 5th wave that is under formation right now. After a 50%-61.8% fib level, we can expect a very good bullish momentum here.
Please manage risk while trading.
Check previous analysis here:
The pair has been moving with strong bullish momentum. After a 3 weeks correction, the pair seems to be under one more small correction before continuing with the upside.
This is currently the wave (ii) of the 5th wave that is under formation right now. After a 50%-61.8% fib level, we can expect a very good bullish momentum here.
Please manage risk while trading.
Check previous analysis here:
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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.
Related publications
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.