The market showed some great moves and structure. By means of this post I will show what I'm looking for regarding the Yen pairs in next weeks trading session. Keep in mind that Yen pairs are almost always moving together because of the inter market dynamic. So use it in your advantage, for example when managing your positions or focus on the lagging pairs when trading more conservatively. GBPJPY shows a somewhat different bias so keep an open mind and let structure show what to trade, when to trade.
For the overall analysis of these pairs see related links below. Updates will follow.
USDJPY; posted above
EURJPY:
GBPJPY:
CADJPY:
AUDJPY:
For the overall analysis of these pairs see related links below. Updates will follow.
USDJPY; posted above
EURJPY:
Kommentera:
We saw the reversal for that second arrow in original post. Now we have to determine whether this is a third corrective leg or another bearish impulse to test the bigger fractal.
Kommentera:
this pair made the first leg which was bullish as we expected (first projection arrow in the original chart above) Let's see whether this will be the start of the bullish impulse or 'just' the third leg of a consolidation of lesser degree. In that case we will see a bearish leg of larger degree next to take out 139.20