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USDJPY 7 swing

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USDJPY did a corrective 7 swing and rejected the 1.236 extension which exactly what you want. Finding support at 200ma on 1 hr. It can continue trend up from exactly that level, but we should at least get an ABC. Usually these patterns reverse.

Nota

the 27% extension of the small "a" wave is 108.10. That would be the invalidation level for this small structure we are in. The 1.618 extension is also a level at 107.93 this larger pattern could extend to, so we could get one more corrective structure and a drop breaking 108, but this is a corrective swing, so it may take a little while but I see upside due to pattern.

Nota

Probably gonna ride to 116.00

Nota

yen pairs corrected to sell down

thillygoosth

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