From the April 23 low, USDJPY appears to have hammered out an Elliott Wave impulse higher. This suggests that after a temporary dip, USDJPY is highly likely to resume this trend higher.
Harmonic analysis suggests the floor is in for USDJPY or may be found with one more small dip. The key level is the April 23 low of 107.47. The meat of the trend would carry to an initial target is 110.50
Good luck.
Harmonic analysis suggests the floor is in for USDJPY or may be found with one more small dip. The key level is the April 23 low of 107.47. The meat of the trend would carry to an initial target is 110.50
Good luck.
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Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.