USD vs JPY gameplan

note the blue triangle – finished a BUY pattern after breaking the support … IF this is a correct view (the a-b-c-d-e triangle completing the 4th wave) then prices should not go back up above “e” and we are in a “corrective move” up for more weakness to follow.

once prices start back down (if they do) then we’ll see 118.20.

ultimately, this will draw prices down below 116.00 IF CORRECT … as long as price stays below “e” I am going w/ the triangle thesis …

hope you’ve had a GREAT weekend …unbelievable weather here in Northern VA.

cheers to you and yours – wherever you are …

B

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