USDJPY daily chart
EMA cross is bullish
Price is inside a channel since 2012 when bull move started
If DXY dollar index can still go higher, then USDJPY coud make a new high.
We could be in wave (v), so looking for a 13/2 fibo ratio,
the target would be the top of channel around 150
Inside the wave (v), we are in a correction.
If the market turns bearish it needs to make a bearish EMA cross
EMA cross is bullish
Price is inside a channel since 2012 when bull move started
If DXY dollar index can still go higher, then USDJPY coud make a new high.
We could be in wave (v), so looking for a 13/2 fibo ratio,
the target would be the top of channel around 150
Inside the wave (v), we are in a correction.
If the market turns bearish it needs to make a bearish EMA cross
