Updated

USDJPY short term wave analysis

wave A or 1 looks like formed.
if it's true that should be corrected now, so wave B or 2 unfolds.
buy targets are undetermined by now.
if it's wave B, it may exceed 15feb top(114.95)
after wave B or 2 is formed, there should be a good SELL opportunity.

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don't be so excited by this rise.
take profits and don't wait much from uj in near time!

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as I see it now
tomorrow a good sell trade is expected.

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actual targets for this very short term sell.

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actual targets: 113.34 and 113.13(extra)
don't over trade. it might be very short-term move.

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price action expectations.

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a little update.

this is very short term buy toward 114.05 (100% target)
after that I expect a correction(1 or 3 waves) - line should be broken 1st.
that would be a little bit nicer move than this buy, but targets are undetermined by now.
after that fall I expect pretty good buy opportunity, which should comlete wave B.
watch that move!

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final swing down
good sell.
s-term target is 112.3

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close look

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I'm still expecting a big move down before UJ resumes move toward 120 target

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112.77. one more s-term level to watch.

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112.77 target is reached.

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I expect a final swing down before movind up toward 120.
it's final move. so risk is increased. don't overtrade.
levels to watch:

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watch this breakout

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sell targets to watch

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das ist das

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uj reached 100% target.
161.8% target left.
uj performs wave (2) - ABC (5-3-5) correction pattern.
I think it's a good time to look for re-buy point to resume advance toward 120.
If price does not exceed 111.59 m-term buy setup is valid.
watch wave C trendline breakout.

big picture.

Trade closed: target reached

looks like m-term buy setup is valid.
diagonal was formed on 5th wave.
diagonal trendline was broken. - buy signal.
expanding triangle was formed.

OleksandrSnitko

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OleksandrSnitko