Hi Sive, a couple of weeks ago you mentioned the possibility of taking long position in USD/JPY pair. What's your updated view on it?
Price action just flows sideways within the strong support zone (101.75-102.04) from beginning last week, and recent news from Japan make me doubt whether the pair could retrace even further.
Thanks!!
Sive, I agree with your analysis...
Some posts ago I gave an option of contracting triangle where price had to enter wave a @1,36472 but I do have some problems with reading this whole move up as ZZ family pattern...
but fact is that also T3 is possible just above y=x*...
Regardless, RR would be veryvery good...