Currency Analyst since 2010

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

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