Important situation: think about lengthy positions from corrections above the extent of 109.08 with a goal of 113.50 – 115.00.
Various situation: breakout and consolidation under the extent of 109.08 will permit the pair to proceed declining to the degrees of 107.16 – 106.07.
Evaluation: Each day chart: apparently, a descending correction of bigger diploma completed forming as wave B, and wave С began growing, with the primary wave (1) of С forming inside.
The third wave of smaller diploma 3 of (1) continues growing on the H4 chart, with wave i of three fashioned and a draw back correction accomplished as wave ii of three inside. Apparently, the third wave iii of three is growing on the H1 chart, with wave (iii) of iii forming inside, supposedly. If the presumption is appropriate, the pair will proceed to rise to the degrees of 113.50 – 115.00. The extent of 109.08 is vital on this situation as a breakout will allow the pair to proceed declining to the degrees of 107.16 – 106.07.
Value chart of USDJPY in actual time mode
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