USDJPY : Revisited and Anticipated Happened

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 USDJPY daily chart anticipated on 12th November 2022


USDJPY daily chart happened on 19th December 2022


In my previous update I had mentioned for USDJPY that, "USDJPY has reversed from the top and can sink near till 132-130 levels over short term."

When I was writing the article and anticipating that the pair can sink towards 132-130 levels at that time it was quoting at 138 levels. It then plunged towards the support area (shaded portion) and thereby achieving my mentioned level - Anticipated Happened.

To view my article on USDJPY, click on the below mentioned link

The pair has fallen from the highs and marked a low of 130.5 levels, the fall was impulse and prices are all set now to open a counter wave in the form of wave ii or wave b. This will again open another leg on the downside. As of now prices are likely to climb above 136-139 range over short term.

The summation is USDJPY is all set to show resilience which can push prices towards 136-139 price range over short term.

Comments

Rohan said…
This comment has been removed by the author.
14 January 2023 at 13:19
Rohan said…
i-ii-i-ii-iii-iv-iii-iv-v -> this is not allowed under NEoWave.
14 January 2023 at 13:21
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