USDJPY Technicals for July 15th
USDJPY Technicals for July 15th
To review, everything from the 2009 low appears to be corrective. The 3 wave rally from 8480 is surely corrective, so there is the possibility that the USDJPY continues lower from here and takes out 8480 (which would mean that what was thought to be a b wave triangle would actually be a series of 1st and 2nd waves). There is the possibility that a long term inverse head and shoulders pattern is …
Read more on Daily FX via Yahoo! Finance
