USDJPY POSSIBLE LONG POSSITON
USDJPY CORRECTING AFTER A BIG IMPULSIVE MOVE DOWN, AND SEEMS TO BE FORMING A BIGGER CORRECTIVE STRUCTURE (WXY).
AFTER WAVE (X) WAS COMPLETED WE SEE IT MOVING TOWARDS THE UPSIDE IMPULSIVLY AND FORMED A BIGGER CORECTION TOWARD THE TRENDLINE AND THE BREAK OF THE CORRECTIVE STRUCTURE WILL GIVE US A BUY SIGNAL.
OUR TARGET WOULD BE WAVE (Y) UPPER TRENDLINE
AFTER WAVE (X) WAS COMPLETED WE SEE IT MOVING TOWARDS THE UPSIDE IMPULSIVLY AND FORMED A BIGGER CORECTION TOWARD THE TRENDLINE AND THE BREAK OF THE CORRECTIVE STRUCTURE WILL GIVE US A BUY SIGNAL.
OUR TARGET WOULD BE WAVE (Y) UPPER TRENDLINE
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