USDJPY: Long-term price uptrend continues to be consolidated
Updated
Hello Karina's friends, USDJPY is currently trading around the 151.70 level and is still showing good potential for an increase in price.
Karina predicts a long-term upward movement for this currency pair based on the completion of a 1D 5-wave Elliott chart pattern. Waves 3-4 align with the 0.5 Fibonacci retracement level marked in red on the chart, further confirming the long-term upward trend. It is expected that wave 5 will be completed, with the pair receiving support around the 149.00 level.
What about you? Do you think the price will rise, or are you expecting a decline in this currency pair?
Karina predicts a long-term upward movement for this currency pair based on the completion of a 1D 5-wave Elliott chart pattern. Waves 3-4 align with the 0.5 Fibonacci retracement level marked in red on the chart, further confirming the long-term upward trend. It is expected that wave 5 will be completed, with the pair receiving support around the 149.00 level.
What about you? Do you think the price will rise, or are you expecting a decline in this currency pair?
Trade active
Comment
Related publications
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.