USDJPY Possible Top

20 июн. 2023 г.

USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.

21 июн. 2023 г.

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This looks right.

23 июн. 2023 г.

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I still suspect its a corrective pattern. 144.42 is my target

29 июн. 2023 г.

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This is still looking really strong. This idea is likely invalid. I would recommend
to not short this.

6 июл. 2023 г.

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The JPY basket at the weekly level is exhibiting descending price action. This is often followed by a reversal. This would suggest the JPY might about to reverse its huge and long bearish trend

12 июл. 2023 г.

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Another good call, a bit early this time but correct.

12 июл. 2023 г.

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I called 144.42 (conservatively on purpose) we got 145.73. Not bad, not bad at all. How many got even close to this?