USD/JPY Plausible price action :// UPDATE
The pair is strictly following our analysis! Good job USD/JPY! The breakout turned out to be more clear than expected - simply Elliott waves. The 5 major points ( tops and bottoms ) coincide with previous tops and bottoms which additionally eases the process of analyzing. The RSI peacefully rises and is now bullish in its relatively lower border for a bullish RSI. This is quite typical as we are on a bottom of a rising Elliott wave, which, on the other hand, is through the best times to enter an uptrend for two main reasons. First, it is in the supposed bottom, and second - the win/loss ratio is greatest. Let's see what will happen with our expectations.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*
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