USDJPY - 20th November 2023 | @ 182 Days | + 7.18%
Last trade: + 7.18% | 'C' class signal detected in USDJPY. Running at an average wavelength of 182 days over 10 iterations since November 2018. Currently moving down.
ΣL Cycle Summary
The prolonged weakening of the Yen, notably devalued against the US Dollar since early 2023, looks to be over for now. Late January 2024 marks the next trough for this component, at around 182 days average wavelength, a peak having likely occurred recently. Upgraded to a ‘B’ category signal after evidence of more stable frequency modulation.
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Early Buy - USDJPY 18th July 2023
Entry: 18th July 2023 @ 138.835
Exit: 19th November 2023 @ 148.809
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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