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$USDJPY epic short

The USDJPY pair used to be very correlated to Gold. The YEN has been regarded as safe heaven until the correlation has been broken, same happened to other correlations. I have to emphasize the importance of historical charts because behavior tends to repeat, not in the exact way but very similar.

This price behavior got to my attention and the similarity in price action was astonishing. Beside the fact that Elliott Wave model predicted lower price, I expected pretty much the same movement into the 105 mark.

Posted on December 17th 2018 and on January 3rd 2019, some 17 days later

17 days for a gain of 750 pips. Charts speak for themselves.

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