USD/JPY: Elliot wave analysis
Daily. Corrective wave [b] of 2 is still forming.
Chart. Daily USD/JPY
H4. Presumable we are witnessing the formation of the wave (E) of [b] which is the final wave of the horizontal triangle.
Chart. H4 USD/JPY
H1. The wave (E) is taking form of a-b-c Zigzag. When the corrective wave b is over, we expect upside impulse move to resume in the wave c. When the wave (E) is complete, we’ll see a downtrend in the wave [c] of 2.
H1. Daily USD/JPY
Roman Petuchov for FX Bazooka