USD/JPY: Elliot wave analysis
Daily. The pair keeps forming global corrective wave 2.
Chart. Daily USD/JPY
H4. The market may be forming the wave b, which is taking the shape of a Zigzag.
Chart. H4 USD/JPY
H1. The structure of the wave [A] looks complete. In the near term we expect the formation of corrective wave [B], the shape of which isn’t clear yet.
Chart. H1 USD/JPY
By Roman Petuchov for FBS