USDJPY Possible Top

20 ביוני 2023

USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.

21 ביוני 2023

הערה

This looks right.

23 ביוני 2023

הערה

I still suspect its a corrective pattern. 144.42 is my target

29 ביוני 2023

הערה

This is still looking really strong. This idea is likely invalid. I would recommend
to not short this.

6 ביולי 2023

הערה

The JPY basket at the weekly level is exhibiting descending price action. This is often followed by a reversal. This would suggest the JPY might about to reverse its huge and long bearish trend

12 ביולי 2023

הערה

Another good call, a bit early this time but correct.

12 ביולי 2023

הערה

I called 144.42 (conservatively on purpose) we got 145.73. Not bad, not bad at all. How many got even close to this?