Hello traders! Today we will talk about USDJPY!
After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we can confirm a bullish continuation within wave 3 back above 112.15 area and higher!
However, in case if goes more complex, we remain bullish as long as it's above 109.70 invalidation level!
Trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we can confirm a bullish continuation within wave 3 back above 112.15 area and higher!
However, in case if goes more complex, we remain bullish as long as it's above 109.70 invalidation level!
Trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
