USDJPY is retracing down towards the downward channel that it exited last week.
Andrew's pitchfork drawn on Daily chart.
Elliot ABCD triangulation drawn on past 3 days of downward movement.
TARGET: Where the E point meets the middle line of Andrew's pitchfork.
risk/reward: 2.2%
+132.5 pips
BEWARE:
Sunday 9 there wil be the 2nd US Presidential debate, it may influence USD pricing.
Andrew's pitchfork drawn on Daily chart.
Elliot ABCD triangulation drawn on past 3 days of downward movement.
TARGET: Where the E point meets the middle line of Andrew's pitchfork.
risk/reward: 2.2%
+132.5 pips
BEWARE:
Sunday 9 there wil be the 2nd US Presidential debate, it may influence USD pricing.