USD/JPY: Elliot wave analysis
Daily. The marking was adjusted by the upside impulse. The wave 1 is probably still in process of forming. In the near term we might see the price renewing highs. This week we expect growth to the previous high.
Chart. Daily USD/JPY
H4. In the near term we expect the wave III to end. Then there will be a corrective wave IV which may take form of a flat market.
Chart. H4 USD/JPY
H1. Marking on H1 shows that the wave (5) of  of III is close to an end. We’ll likely soon see the wave IV.
Chart. H1 USD/JPY
Roman Petuchov for FBS