USD/JPY is aiming at 116
Read the article on FBS website
Recommendation:
BUY 113.4
SL 112.85
TP1 114.4 TP2 115.3 TP3 116.3
On the daily chart, USD/JPY keeps forming 161.8% target of AB=CD. As long as the pair is above 113.35 (61.8% of the descending wave), bulls are in control. As a result, pullbacks may be used for long positions.
On H1, USD/JPY keeps forming “Wolfe waves” pattern. Corrections to 23.6% and 38.2% with the following pullback form the support levels should be used for buying.
