USDJPY: Topping possiblilty
USDJPY has likely completed its primary bear trend and displayed a corrective 3 wave structure up to end a primary wave a. Following a highly probable wave b down is likely as the initial down swing is taking place currently.
The guideline of a retracement to wave four of one lesser degree is also in place supported by a 50% retracement value provides that affirmation.
There is another possible count that also suggests the impending move to the downside on the net posting.
The guideline of a retracement to wave four of one lesser degree is also in place supported by a 50% retracement value provides that affirmation.
There is another possible count that also suggests the impending move to the downside on the net posting.
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