USDJPY, Over-Extended Bullish Move

١٨ مايو ٢٠١٨

This pair seem to be on a tear. However we could see some near term top forming near 111 levels, as the move appear to be exhausting. (Wave 5 of 5 of 5) Some consolidation would be good.

Looking for a first move back to the 38.2% entracement level near 108.5 area.

١٨ مايو ٢٠١٨

تعليق

It actually further sub-divided another 5 wave in the 5 of 5 of 5 wave at a shorter time frame. #JustRetracePls

٢١ مايو ٢٠١٨

تعليق

Could be a potential sign of reversal.