Currency Analyst since 2010

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

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