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Trader, analyst and instructor with a 6-year experience

USD/JPY: Elliot wave analysis

Daily. The pair keeps forming corrective wave 2. Its form will become clearer in the near term.

Chart. Daily USD/JPY

H4. We are probably witnessing the formation of the rising wave с of (b). So, in the coming week there will be an impulse growth in the wave c as it is shown at the picture.

Chart. H4 USD/JPY

H1. The detailed marking on H1 shows that the small corrective wave (2) is being formed. After it is complete4, the move upwards will resume. The approximate trajectory is at the picture.

Chart. H1 USD/JPY

Roman Petuchov for FBS

JPY
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