Is USDJPY going to reach its 50% OE target this time?(1)

14 Sep 2023

We have entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 40% chance since it is a phase 1 move that the weekly potential high will be taken and for the long move to continue further north.

USDJPY(Short)

E - 147.45
ISL - 146.10
T - TBC

We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.

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