Currency Analyst since 2010

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

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