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