USDJPY BUY (Weekly View)
Based on a current five point wave of trend that has been consistently bound to the last 8 months, this current downtrend leaves breathing room on the retracement of 50% to now extend longer-term higher towards targets of 168 (+50%) on the fib. I would also look at anymore drops on the fib as further buying opportunities if the 50% doesn't hold. Either setup still remains consistent with the uptrend.
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.
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.