Usd/Jpy: "Huge Correction, or Just a Pullback of a Downtrend?"

USD/JPY is one of the few pairs that I wont touch aside from on a daily chart. There isn't enough short term clarity to feel safe with this pair... at least, the way I trade. Others have different approaches and probably love the way it moves.

clockwork, you are probably right thanks for sharing your wisdom on EW...I'll correct you slightly.....that is why trading the EW will make you broke if you are ALWAYS trying to trade it......there are points in wave theory that are extremely high percentage...those of us that wait for those points to trade Laugh our asses off at idiots like you that have no idea what they are talking about and are to stupid to learn.......I think if you get someone to read the posts for you......you will find out. LFB and I agree

This is why PA will make you broke. See it's so easy to say it without actually checking "the facts". Good reply waves.

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This is exactly why picking tops or bottoms will make you broke.....I have the same 2 options...flat til there is clarity......

Yen pair still bearish till it is holding below 98.25 which is the falling trendline .Currently yen is near its cluster moving averages near 96-96.50 levels. Still bearish for the pair.. Break of 98.25 decesively will turn outlook bullish for the pair.USD/JPY 96.49).Bearish

This is why EW will make you broke - the old adage "Put 5 Elliot Wave traders in a room, and you will have 5 different counts."