Yenpairs
USDJPY continues unfolding triangle (part 2)USDJPY (long-term)
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle .
So wave C of (D) is finished. If correct, the market should continue to decrease towards the pattern’s lower side to a wave (E) , in the coming months.
USDJPY continues unfolding triangleUSDJPY (long-term)
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
GBPJPY Long SetupLooking for long positions on gbp/yen around 151.02 with stops under 150.25. Price broke out of consolidation on the hourly and after an impulse has followed up with a decent corrective move lower. So buying the dip here with targets towards high back @ 152.00 makes sense in the current situation.