USDJPY fell to a new swing low, drive down by lower stocks, but market is still above 100.80 swing low back from May so pair can still be trapped in a triangle but more complex than on the first place. we are looking still for wave E) rally as decline from 102-80 to 101.10 can be complex wave D). With that said, a three wave rally up in E) may follow in the next few days. However, any break beneath 100.80 will suggest that triangle is complete. In that case we would turn immediately bearish towards 98/99 figure.
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