Watch for small correction within the major downtrend which started late 2014. Very strong moves will be necessary to break out of this bearish trend. I believe we are in the middle of a impulse pattern downwards, working on a wave 3 atm. Watch for correction within the waves, and short on jumps upwards.
it will be interesting to see what BOJ will do to keep trying to turn the deflation around..so far no good.
Will pay attention around 111.5 which is fib 1.618 of purposed wave 1 on the chart.
it will be interesting to see what BOJ will do to keep trying to turn the deflation around..so far no good.
Will pay attention around 111.5 which is fib 1.618 of purposed wave 1 on the chart.