It should be all the way south for USDJPY
Update: It looks like we had another tiny rally made the B leg a fraction deeper. Adjust the trendline accordingly. We should have a drop within this channel.trend following down to the end of (E) leg.
I was wrong about the finish of A leg, But We did get a very deep B leg just now, after finishing a zig-zag A leg. The C leg should be 5 wave impulsive, but I don't expect it to reach the bottom of the range as it should complete the final (E) leg of the triangle.
I was wrong about the finish of A leg, But We did get a very deep B leg just now, after finishing a zig-zag A leg. The C leg should be 5 wave impulsive, but I don't expect it to reach the bottom of the range as it should complete the final (E) leg of the triangle.
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