USDJPY in Bullish triangle - EW
USDJPY is not impulsive downwards, yet not impulsive upwards. The latest bearish action has nullified the chance of trend continuation - for now, as it seems wave E of the triangle completes in zig zags.
This could spell trouble for the fragile global economy, as triangles are quite reliably terminal moves. this could be the USDJPY's last breath scraping new highs before larger deflationary pressures take hold.
This could spell trouble for the fragile global economy, as triangles are quite reliably terminal moves. this could be the USDJPY's last breath scraping new highs before larger deflationary pressures take hold.
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