Trader, analyst and instructor with a 6-year experience

USD/JPY: Elliot wave analysis

Daily. The pair keeps forming a global corrective wave [b].

Chart. Daily USD/JPY

H4. The pair’s is forming the wave (E) of [b]. Let’s examine its structure in detail.

Chart. H4 USD/JPY

H1. We are now witnessing formation of the corrective wave b. this wave is taking form of a Zigzag. The wave [C] will soon end.

Chart. H1 USD/JPY

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