BRLJPY ready to move higher
Here we can see the end of a 5 wave pattern to the downside and the AB leg of the ABC correction complete.
So what does this mean?
Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially if you are a believer of the bearish Yen story.
Best of luck those who like to play EM, we are in for large moves this year on the EM FX board.
Please remember to like and comment, thanks!
So what does this mean?
Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially if you are a believer of the bearish Yen story.
Best of luck those who like to play EM, we are in for large moves this year on the EM FX board.
Please remember to like and comment, thanks!
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