USD/JPY Idea

4 במאי 2017

For the next few days, I will be observing the price action on this pair. I happened to locate a possible harmonic pattern that should complete. If price continues in this "bullish" run that it's currently in, then we can see a short move down to previous levels (after harmonic completion) and then a continuation up (illustrated by the arrows). I was initially expecting a long-term sell off for this pair, but my bias has to change swiftly to not get tied up into a "specified" mentality.