Look like USDJPY set a multi year LH and wave C (or 3) is in progress.
Strong movement to the upside will let buyers open position when pullback coming.
Don't know what is the issue with Japan but they may have more issue. Would advise to look this forex pair differently comparing to others :)
Strong movement to the upside will let buyers open position when pullback coming.
Don't know what is the issue with Japan but they may have more issue. Would advise to look this forex pair differently comparing to others :)
Note
Nobody mentioned that I had a typo :)That is NOT a LH rather HL :D
So, that is a multi year Higher Low around 100 :)))))
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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.