USDJPY: Time to Retrace!

USDJPY: Time to Retrace!

25 April 2016, 10:01
AynGannRand
0
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In our previous week's post, we alerted for a major buy trade that would target above 110.50 - USD/JPY: Retraced 38.2%, Time to Buy Already?

Since that moment, USDJPY has moved up in a strong wave 3 and currently is completing an inner wave 4.

USDJPY 1H Chart- April 24, 2016

 

 USDJPY has made an extended structure and we believe that wave 3 might send prices above 112.00.

In the chart below, we try to count the ...Read More

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