SteveNixon

Historic View of Dollar Yen

FX:USDJPY   Dolar A.S. / Yen Jepun
21
I've posted this to give an overview of the USD YEN pair.
Trading View charts rarely give us enough historic data to get a complete picture but it can be found on google. The link below shows this pair since 1970 where price drops from 350 plus giving us an bear impulse.

http://logicfxtrading.com/wp-content/uploads/2017/03/yen_chart.png

By extension we can see that price has been scribbing out a huge ABC correction.

Given this we are probably in a C wave which will take a few years to complete.
Having a bigger picture can help with our forecasting on a daily/weekly timescale

Hope this helps - I will do a video on this analysis if requested

Good luck Steve

Penafian

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