USD/JPY: Elliott waves (Feb. 3)
Daily. The pair keeps forming upward impulse (V) of [v] of 1.
Chart. Daily USD/JPY
H12. We are seeing the formation of the correctional wave IV. The most important task in the near future is to identify the market’s turning points.
Chart. H4 USD/JPY
H4. It seems that USD/JPY is forming a final impulse wave (C). In the coming days we’ll see a decline. When the price reaches approximately 100.62, the market may turn around. In this case, the pair will start building the wave V.
Chart. H1 USD/JPY