The 1st Leg is about to be completed with Minor 1 (blue) at or around 115.00 Levels.
Corrective Minor 2 (blue) shall retrace towards 110.60 Levels.
Within Minor 1 (blue), Minute III (green) unfolded with with a Rally towards April's Resistance Levels and Minute IV (green) formed an .
Minute (V) still needs to complete the last leg, Minuette (v) (black), which is expected to have one more push on the up-side with Sub-Minuette V (purple).
Minute (V) is expected to complete its Cycle at the 100% Fibonacci Extensions of Minutes III & IV (green) and at 161.8% Fibonacci Extensions of Minuettes ( iii ) & (iv) (black).
USDJPY-Dollar-Yen is expected to complete Minor 1 (blue) with a Divergence so we will be watching out for the confirmation.
USDJPY-Dollar-Yen - Short-Term - SELL Position:
Entry - 114.600
SL - 116.00
TP - 110.650
* Safety Measures:
- When in the green, move SL to break-even or in profit.
- Watch for Divergence and Confirmation.
Many pips ahead!
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