USD/JPY: Elliot wave analysis
Daily. The pair keeps forming downside corrective wave 2.
Chart. Daily USD/JPY
H4. After the impulse in the wave a ended the market started corrective growth in the wave b. In the near term we expect upside movement in the wave [A] of b.
Chart. H4 USD/JPY
H1. The detailed marking shows that there’s still potential for the impulse growth.
Chart. H1 USD/JPY
By Roman Petuchov for FBS