Saturday, 15 February 2014

USDJPY perfect entry

Hi Traders,

The USDJPY (now at 101.78) did exactly as predicted.

Although another small drop to level 101.63-101.45 is still a possibility, it should start soon the very last major rally to 106.59 or higher.


likely: 105.50
possibly: 106.59
maybe: area 107.55 -108.52


The weekly chart displays the uptrend that started at the end of OCT 2011.

major waves up are clearly identifiable (in blue) but major wave 5 is not completed yet. 

The daily chart clearly displays 4 intermediate waves up out of 5.

The 5th wave up has just started with minuette wave 1 & 2, as you can see in the 4-hour chart.

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge

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