I've posted this to give an overview of the USD YEN pair.
Trading View charts rarely give us enough historic data to get a complete picture but it can be found on google. The link below shows this pair since 1970 where price drops from 350 plus giving us an bear impulse.
http://logicfxtrading.com/wp-content/uploads/2017/03/yen_chart.png
By extension we can see that price has been scribbing out a huge ABC correction.
Given this we are probably in a C wave which will take a few years to complete.
Having a bigger picture can help with our forecasting on a daily/weekly timescale
Hope this helps - I will do a video on this analysis if requested
Good luck Steve
Trading View charts rarely give us enough historic data to get a complete picture but it can be found on google. The link below shows this pair since 1970 where price drops from 350 plus giving us an bear impulse.
http://logicfxtrading.com/wp-content/uploads/2017/03/yen_chart.png
By extension we can see that price has been scribbing out a huge ABC correction.
Given this we are probably in a C wave which will take a few years to complete.
Having a bigger picture can help with our forecasting on a daily/weekly timescale
Hope this helps - I will do a video on this analysis if requested
Good luck Steve
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