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U.S. Dollar / Japanese Yen

USDJPY ready for DeadCat bounce? then a leg down to 108 ?

918
UJ has been dropping hard with the stock markets and with gold rising.
And I think it has a little more running room, but should boucne a bit here.

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Background:
This UJ story starts in early October 2018, with my search for the mythical ''top''
USDJPY long entry zones: UJ retrace watch


As the downtrend progressed, I started looking for a ''final leg'' down
USDJPY retrace watch: UJ drop have one more leg?


For a while it seemed we had found a temporary bottom:
USDJPY long entry zone: looking for UJ bounce


But then came the Stock market swoon, so it seemed to need one more leg down yet
USDJPY short idea: UJ and stocks down some more?


Then another bounce when Trump-Xi talks were rumored to be making good progress
USDJPY long idea: UJ correction done?


After the FOMC rate decsion, I was shorting all JPY with UJ target of 111.50
USDJPY downtrend UPDATED zones: UJ to hit 111.50 ?


Then looked for abounce to short into 110.40
USDJPY downtrend UPDATED zones: UJ one more leg down to 110.40 ?


And now I am looking for 108
USDJPY ready for DeadCat bounce? then a leg down to 108 ?


EuroMotif
Mod
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Elliott WaveFibonacciSupport and Resistance

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Elliott WaveFibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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.