Trader, analyst and instructor with a 6-year experience

USD/JPY: Elliot wave analysis

Daily. We are witnessing the formation of the rising impulse wave. According to our marking, this is the wave (V). Let’s examine the picture in greater detail.  

Chart. Daily USD/JPY 

H4. After completeting the wave (IV) the pair has turned up.

Chart. H4 USD/JPY 

H1. At the moment the pair’s finishing the wave III of (V). When it finishes, we expect a corrective wave IV and the final upward impulse V. You can see the approximate trajectory on the chart. 

Chart. H1 USD/JPY 

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