USDJPY Chart 1

USDJPY - Potential Long Entry On Pull-Back

USDJPY - Potential Long Entry On Pull-Back by DanV on TradingView.com

26 November 2012

Updates and comments

USDJPY Appear to have established an important low in October 2011, to me it looks like it it is in process of building what I call super nesting, or series of ((i)) ((I)) (I), (II) 1,2 before blasting higher in massive wave 3 of 3 so to speak.

It could retrace to 81.5 area or little higher which I believe will offer excellent long entry for intermediate target to to be around 84 -85 region. One to watch for sure.

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