USD/JPY: Elliot wave analysis
Daily. The pair may have finished forming global upward wedge. If this assumption is true, we’ll see a corrective decline in the wave 2.
Chart. Daily USD/JPY
H4. The pair ay have formed wave (I) of the bearish move.
Chart. H4 USD/JPY
H1. Wave (I) of the bearish move in detail. We’ll likely soon see the corrective wave (II) and after that the decline will resume.
Chart. H1 USD/JPY
By Roman Petuchov for FBS Markets Inc