USDJPY - Is this Impulsive cycle really completed?
The wave counts so far show complete impulse wave for #USDJPY . If the wave counts are correct then surely #USDJPY is heading down for a couple of months (or years). Lets see how it unfolds in days and weeks to come. Remember only price action confirms the wave counts. Keep an eye
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Although some elliotticians may argue that correction is over but my own view is that only first part of correction is over, since it was too sharp and steep. Lets wait for the completion of this coming bearish rally and we will then be able to join the down trend again.
Happy trades.. :)