JPY- long term !!

[golhuntsleep]

I almost hate to say it, but on a 1 day degree, it looks like we have completed our 5 wave sequence up.....in a perfect world it will spike up 1 more time to the 124 area and give us a good opportunity to go long the Yen......I hate to say it because this currency is like the energizer bunny...it keep going and going and going..........when we do go long, lets hear it for a 5 wave sequence....we'll need it because of the intrest premium!!!!!!!

[ronnimar]

you are absolutely right the move is very powerfull.
it goes on and on.

[golhuntsleep]

Ah man, Those are perfect 2,4 3,5 trendlines and EXACTLY what I'm looking at also.........you should re-think the "group"thing....Love to bounce stuff of you........

[ronnimar]

a possible scenario.
a big a-b-c formation ?
or........... a minor wave 2 of intermediate 3.

[ronnimar]

here r the charts !!

[ronnimar]

possible scenario for the jpy.

[favori]

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[byran]

Originally Posted by favori

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I agree with your count. I think USDJPY can drop further down to around 101 to complete sub wave E then it'll start shooting up quickly.