USDJPY Possible Top

2023年6月20日

USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.

2023年6月21日

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This looks right.

2023年6月23日

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I still suspect its a corrective pattern. 144.42 is my target

2023年6月29日

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This is still looking really strong. This idea is likely invalid. I would recommend
to not short this.

2023年7月6日

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The JPY basket at the weekly level is exhibiting descending price action. This is often followed by a reversal. This would suggest the JPY might about to reverse its huge and long bearish trend

2023年7月12日

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Another good call, a bit early this time but correct.

2023年7月12日

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I called 144.42 (conservatively on purpose) we got 145.73. Not bad, not bad at all. How many got even close to this?