Forex Elliott Wave Analysis: USDJPY Confluence near 119.50
Using Elliott Wave Theory, Head Trading Instructor Jeremy Wagner illustrates a wave pattern on the USDJPY.
The USDJPY appears to be in a 5th wave of large degree. We are reaching a point within this 5th wave where a turn lower is becoming higher probability. See how to use fibonacci ratios and wave relationships to project potential trading points in the pair.
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