By Admiral Markets
The USD/JPY has formed a bullish Wolfe Wave structure on H4 time frame. In the last Wolfe Wave blog, I described various trading opportunities using new approach in Wolfe Wave charting. At this point the price is retreating towards Wolfe Wave point 5 zone – 110.10-110.30. Have in mind that this opportunity might take a day or two to develop and if it hits the point 5, now moment buyers could spike the price towards 1-4 target (EPA)* 111.80-112.00. This is a potential bullish swing on 4h time frame.
Follow @TarantulaFX on twitter for latest market updates
Connect with Nenad Kerkez T on Facebook for latest market updates.
*EPA – Estimated Price at Arrival (Target Price)
Article by Admiral Markets
Free Reports:
Source: USD/JPY Potential Bullish Wolfe Wave Swing
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.