Monday, 14 July 2014

USDJPY, the new jump

Hi Traders,

The USD JPY started a new uptrend to 105.43-105.70 and 110.68-111.52


likely: 105.43-105.70 and 107.00
possibly: 110.68-111.52
maybe: 113.63-115.14


In the weekly chart, daily chart and 4-hour chart the YEN completed the last triangle and just started the 5th-of-the-5th-of-the-5th, ie: the new uptrend.

See the 4-hour chart where the last wave down display 5 waves down and a final reversal pattern.

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

1-hour chart - click to enlarge 

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