Target 102.50~100.50
A=C @ 102.50
W=Y ` 100.51
USDJPY is going down towards the target range, most likely reaching 100.50 before very big bounce/start of new uptrend.
See the rally towards 107.50
W=Y ` 100.51
USDJPY is going down towards the target range, most likely reaching 100.50 before very big bounce/start of new uptrend.
See the rally towards 107.50
Note
could not reach the short term target and turned lower.Downside target from Dec 2016 high is around 100.50 (W=Y) where buyers will have chance to take controls of this pair.
If 2016 low is breached, it can extend towards 91.60.
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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.