
UsdJpy Intra day Update ~ forex trading reviews philippinesEarlier today, we posted of how our elliot wave analysis could mean a turn around for Yen pairs. After a very impressive bearish strenght of the Yen, we expect a reversal of trend or at least a retracement. UsdJpy made a sharp turn around slightly below 126, typical of an impulsive move and now moving back in what looks like a corrective move.We thought the correction will be shallow as it resisted around 124 (38.2-50% retracement of the intra day bearish move). The market opened today with a gap down and since then, intra day price has adjusted and gone into a triangle congestion making room for a deeper correction upward...