USDJPY UPDATE!!
💡 Analysis of the USDJPY
✍️ As mentioned in the previous analysis, from Elliott's point of view, we have entered wave 4, where the expectation of falling to the range of 130 was done during wave (a) and it seems that the price is forming an irregular fall, which is the target of 143 to 145 can be considered to continue the movement.
✍️ As soon as the drawn upward trend is broken or the price falls down from the mentioned areas with strong momentum, we will expect the completion of wave (C) first to the range of 136 and then 130.
This analysis will be updated step by step.
#usdjpy
✍️ As mentioned in the previous analysis, from Elliott's point of view, we have entered wave 4, where the expectation of falling to the range of 130 was done during wave (a) and it seems that the price is forming an irregular fall, which is the target of 143 to 145 can be considered to continue the movement.
✍️ As soon as the drawn upward trend is broken or the price falls down from the mentioned areas with strong momentum, we will expect the completion of wave (C) first to the range of 136 and then 130.
This analysis will be updated step by step.
#usdjpy
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.