USDJPY short idea: UJ and stocks down some more?

מעודכן
Based on risk sentiment (gold, stocks, oil), looks like UJ might be headed further down.

I think we might have already completed the wave 4, and preparing to start wave 5.
But wave 4 could go a little higher yet and still be perfectly valid EW process.

The Nikkei looks to be following a perfect path to a wave 5 coming
Nikkei index pull back pathway: JPN225 with ABC retrace?
and lately UJ has been tightly correlated with equities (usually is but right now more so than usual)


הערה
Dollar is super strong after FOMC meeting minutes. But here we are at the crucial decision point תמונת-בזק

Zoomed in: the fib zone was precisely noticed, but I dont think it will stop the move תמונת-בזק
הערה
UJ still testing the resistance zone above תמונת-בזק
הערה
Nice rejection this far תמונת-בזק But I am not confident it will go much lower. Am watching risk sentiment again.
הערה
The Japanese stock market is following EW and Fib waves perfectly
Nikkei index pull back pathway: JPN225 with ABC retrace?
now waiting to see if it bounces up from that 4.618 or cuts through
Elliott WaveFibonacciSupport and Resistance

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