In the month leading up to the february decline, the USD/Yen made 3 lower peaks, and then finally broke up to the downside on february 27th.
Same thing now. In the last month. The USD has made 3 lower peaks, and then broke out to the downside yesterday, and is continuing the fall today.
Looking back on the charts, it likes that pattern over the last few years. All significant declines in the USD/Yen have been a 3 lower peak patterns followed by a significant decline on the break down of the 3rd peak.
What do you guys think?
wednesday woes, page-27
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