USD/JPY: Elliott waves (Jan. 20)

Daily. We are seeing the formation of the upward momentum, which is the wave (V) of [V] of 1.

Chart. Daily USD/JPY

H12. The wave IV ended as expected in the corridor between the 2 horizontal lines. At the last section we saw the construction of wave V.

Chart. H12 USD/JPY

H4. The pair formed the final upward impulse wave V. Most likely, this week we’ll see the prices go up. However, the detailed structure of the wave isn’t clear yet.

Chart. H4 USD/JPY

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