JPY- long term !!

[ronnimar]

um_manager u certainly manage to rise a doubt !!!
in any case a weekly chart.

[UM_manager]

In my opinion wave (e) of the triangle (wave [[b]]) is completed.

[ronnimar]

all in all i still remain bulish in my bias !!
{until proven other wise ?!}

[UM_manager]

Hi ronnimar

Triangles nearly always occur in positions prior to the final actionary wave in the pattern of one larger degree. According to your wave count the triangle pattern is only a part of wave 4.

[pinger]

I still stick to my long usd/jpy scenario
have to rething soon maybe

[ronnimar]

there is no question that i was wrong in the ew on the jpy.
while i was very bullish. the bears came behind me !!!

in any casethis is a weekly chart.
we can see clearly how th sma (50) is supporting the price
(for now).

[ronnimar]

after the big decline the jpy heading (imo) toward the low of jan.05
101 +/- it will take time !! but at the moment it look's to me the proper scenario.
(until proven wrong)

[yardie]

The question is will the Japanese government allow it to drop that low without intervening?