USDJPY wave count daily chart
USDJPY is trading wave 2 in big cycle
This wave 2, subdivides in ABC
Wave A was from 125 to 116
Wave B was from 116 to 124
Wave C is currently trading, it would be subdivided in ABC also, wave A from 124 is near to be complete at 106, this is 5.0 fibo level from the first decline 124 to 120, and also the weekly EMA(233) support.
Trade
Short at 113 on wave B
Short below 106 monthly support
target is 88
USDJPY is trading wave 2 in big cycle
This wave 2, subdivides in ABC
Wave A was from 125 to 116
Wave B was from 116 to 124
Wave C is currently trading, it would be subdivided in ABC also, wave A from 124 is near to be complete at 106, this is 5.0 fibo level from the first decline 124 to 120, and also the weekly EMA(233) support.
Trade
Short at 113 on wave B
Short below 106 monthly support
target is 88
