Elliott Wave Analysis & Forecast, USDJPY, M1, 20151223
Someone request me to analyse Yen in short and long term. Here is my long term view.
If we look at chart we can clearly see green five wave rally that finished on Jan, 2012 placing bottom. This five wave rally was sub wave of larger correction in red wave [A]. Now we are in green wave B of red wave [B] and the ideal target for green wave B is near 90.92 area before continuation in green wave C towards 200 area even more.
muhiuddin
If we look at chart we can clearly see green five wave rally that finished on Jan, 2012 placing bottom. This five wave rally was sub wave of larger correction in red wave [A]. Now we are in green wave B of red wave [B] and the ideal target for green wave B is near 90.92 area before continuation in green wave C towards 200 area even more.
muhiuddin
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