JPY- long term !!

[ronnimar]

good scenario ? correct EW counting ?

[trender30]

Originally Posted by ronnimar

good scenario ? correct EW counting ?

I dont know much about EW but i like ur prediction

[ronnimar]

alternated counting ?!

[goozman]

I think the first one is the most likely one. I believe it will test ~115 before going up again.

[ronnimar]

going down to retest the support (wave b) ??

[ronnimar]

well is surely looks like wave b is heading south.
first support at 115.68 took the blow.if it will break ?!
next target 114.2+/-

[weissdawg]

I think much higher prices are up next. Prices should not go below 115.44.

Possible target is 127.00

[lamode]

Originally Posted by weissdawg

I think much higher prices are up next. Prices should not go below 115.44.

Possible target is 127.00

BOJ potentially changing its monetary policy could affect the price of the pair. The BOJ recently voted 7-1 to effectively change the tone of their monetary policy. This means a move away from trying to fight deflation which would signal a potential move to raise interest rates for the first time in many years. This could signal a potential Yen strengthening in the near future. I am eyed the pair to break 115.50.