USD/JPY: Elliot wave analysis
Daily. Presumably completed the construction of wave [b], which took the form of a convergent horizontal triangle. In the near future we expect a decrease in the wave [C].
Chart. Daily USD/JPY
H4. Detailing layout is shown in the figure. Consider the last section in more detail.
Chart. H4 USD/JPY
H1. Wave [I] almost formed. In the near future the construction of the correctional wave [II], as shown in the figure. When the corrective wave is formed, decline will continue.
Chart. H1 USD/JPY
Roman Petuchov for FX BAZOOKA