One year later of USD/JPY (IV)

One year later of USD/JPY (IV)

  

  It seems to be progressed by the CORECTIVE wave for the time being, more than a half year even a year.

You would better take a positon only for downtrend for 6~12 months after that

It seems rebound again for uptrend

And means that the macro view of the wave in monthly chart scale is not dead rather keeping going on the uptrend

For 6 month I wish you not to expect it is going to “UP”

Today’s issue are, if so, what the level of price will be supported?

Yes!

It is a meaningful question

The answer is the 10 ma ( 10 month moving average line)

Let us see more details about the chart   

Monthly chart of USD/JPY

①     is “V” signal of Bollinger band which I recommend you to wait. Now it is the shape of what I expected

②     is the dead cross signal of Stochastic I recommend you to wait. Now it is the shape of what I expected but insufficient ( I have required the bellow 80% of the overbought)  

③     is 1 or 3 impulse wave ( never mind!  It is only “name it”)

④     is 3 or 5 impulse wave ( never mind!  It is only “name it”) but the most meaningful of the③ and ④ are not just name. Rather it is a significant of “the size of wave and it’s equivalently copy of the wave, so to speak, it is proportional size of “③ = ④” Don’t you think it is not same size of the wave? And then it is not reasonable conclusion of the corrective wave?

⑤     is the 10 month moving average(10ma) which should be acted as supported line when it is the end of corrective wave     

see more details of it and comprehend it’s history of my blog

1) http://odysseylee69.blog.me/70173455192

2) http://odysseylee69.blog.me/70167467490

3) http://odysseylee69.blog.me/70161784379

Von voyage!

One year later of USD/JPY (III)

One year later of

USD/JPY (III)

This subject is interlinked with http://odysseylee69.blog.me/220182757136

And is reissued until when we can enjoy “its trend”?

On the contrary, when is it stopped and corrective wave again? Since It is only question whether we clear the position or keep on it.(for I told you a year ago the best time to clear the position)

I think it is nearest to such a termination for a prudential strategic  

 

At the moment the US dollar against Japanese Yen (USD/JPY) is indicated as 118.772 (Yen).

For retrospection of what chart have been posted of this issue since more than 1 year

And review and scrutinized what I said truly and well.

Please watch it attentively whether if the signals are appeared or not    

However this is another monthly chart and another viewed to be deciphered but mostly it is same conception as previous chart   

         

Monthly chart of USD/JPY

①     is perhaps to be said an impulse wave ( either 1 or 3 waves, apparently more like 3 waves ) as an Elliott followers would called it. But I dislike its theory since there are immense exceptions and so many differences with circumstance for sophisticated excuse.

②     is 5 waves (if so, first wave is the 1 wave). but you may well forget Elliott principal wave theory since it is to me “the humor of Scholars” but what I want to say here, it is often enough to be happened, calling as “the rule of equivalent length” just as the size of ①=②, if so, we are near to switch the positon because it should be stopped somewhere around here.    

③     is previous high point ( more or less 123. Yen). This is the point where is overlapped with maximum wave size of ①, so that we need to prepare to clear the positon

④     is stochastic which should be confluence with Bollinger bands “V” signal

⑤     is Bollinger bands’ down line which should be occurred as bands signal “V”

⑥     is an example of the “V” signal just before you, which should be kept eyes on for the confluence as the same ⑥=⑦ as ④=⑤

Anyway watch out it very attentively with those signals

and von voyage!