USD/JPY - In an up-cycle into mid-January 2019
USD/JPY has followed a nice string of up- and down-cycles since 2011 and in mid-February USD/JPY entered into its next up-cycle that will last to mid-January 2019.
Especially the period into late summer and autumn 2018 should prove strong and a strong upside acceleration could be seen during this time-window. It doesn't mean that USD/JPY can't continue to rally to the end of this up-cycle in mid-January 2019, but the tendency is a strong rally to the mid-time of the cycle and then the rally flattens and goes sideways.
I do expect the resistance-line from the 125.86 peak in June 2015 to be broken for a continuation higher to at least 114.37 and ideally closer to the June 2015 peak at 125.86.
I have marked the rally from the June 2016 low at 98,96 to the mid-December 2016 high at 118.67 and the following decline to the March 2018 low at 104.61 as wave 2, but they could as well be marked as wave A and B in a large zig-zag correction in an unfinished flat correction from the 125.86 peak. However, for now our focus should towards the upside only interrupted by temporary minor correction.
Short-term, I'm looking for such temporary minor correction from the current peak at 110.46 closer to support in the 108.54 - 108.85 area before moving higher again to challenge the resistance-line from the 125.86 peak.
Especially the period into late summer and autumn 2018 should prove strong and a strong upside acceleration could be seen during this time-window. It doesn't mean that USD/JPY can't continue to rally to the end of this up-cycle in mid-January 2019, but the tendency is a strong rally to the mid-time of the cycle and then the rally flattens and goes sideways.
I do expect the resistance-line from the 125.86 peak in June 2015 to be broken for a continuation higher to at least 114.37 and ideally closer to the June 2015 peak at 125.86.
I have marked the rally from the June 2016 low at 98,96 to the mid-December 2016 high at 118.67 and the following decline to the March 2018 low at 104.61 as wave 2, but they could as well be marked as wave A and B in a large zig-zag correction in an unfinished flat correction from the 125.86 peak. However, for now our focus should towards the upside only interrupted by temporary minor correction.
Short-term, I'm looking for such temporary minor correction from the current peak at 110.46 closer to support in the 108.54 - 108.85 area before moving higher again to challenge the resistance-line from the 125.86 peak.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.