USDJPY - Wave Analysis
USDJPY had a huge fall of +1100 Pips due to panic in the markets. YEN is sought after in times of uncertanty and liquidation of equity positions.
Have a look at my long term analysis of USDJPY:
After the impulsive fall, we now got a classic channel correction to the 61,8% Fibonacci level.
This is a typical retracement for Wave 2.
There is already a price action sell signal at the liquidity area and we got a gap over the weekend. This pair should push down further as risk is still very much on.
Look for lower TF sell signals to add to current short positions.
This is no investment advice. Just for educational purpose.
Have a look at my long term analysis of USDJPY:
After the impulsive fall, we now got a classic channel correction to the 61,8% Fibonacci level.
This is a typical retracement for Wave 2.
There is already a price action sell signal at the liquidity area and we got a gap over the weekend. This pair should push down further as risk is still very much on.
Look for lower TF sell signals to add to current short positions.
This is no investment advice. Just for educational purpose.
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