USDJPY 1Hour timeframe short
*On the 1 hour timeframe, we are on wave C from Wave 2 (Elliot Waves pattern) with a strong support at 134.272
*If Wave C meets Wave A, we might have a reversal pattern (Long), to start Wave 3 that will trace approximately 100% of Wave 1 on Fibonacci retracement with the all time highest resistance at 147.529
*On the over hand, if wave C crosses the support the neckline we might have a new downtrend that will be formatted
*If Wave C meets Wave A, we might have a reversal pattern (Long), to start Wave 3 that will trace approximately 100% of Wave 1 on Fibonacci retracement with the all time highest resistance at 147.529
*On the over hand, if wave C crosses the support the neckline we might have a new downtrend that will be formatted
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