This is my Elliott wave idea about USDJPY.
We are in sub-wave (2) (Blue) of wave C(Red).
Sub-wave (2) is a corrective wave(a-b-c).
Soon, sub-wave (c) (Orange) of wave (2) will start.
I think USDJPY sub-wave(c) will rising linked to EURUSD sub-Wave 5.
Outlook for EURUSD, Elliott wave analysis,
EURUSD will switch to the uptrend after sub-wave 5 is completed.
USDJPY will switch to the downtrend in conjunction with EURUSD trend switching
Outlook for USDJPY (Main Scenario)
1Month chart
1Week chart
4 hours chart
We are in sub-wave (2) (Blue) of wave C(Red).
Sub-wave (2) is a corrective wave(a-b-c).
Soon, sub-wave (c) (Orange) of wave (2) will start.
I think USDJPY sub-wave(c) will rising linked to EURUSD sub-Wave 5.
Outlook for EURUSD, Elliott wave analysis,
EURUSD will switch to the uptrend after sub-wave 5 is completed.
USDJPY will switch to the downtrend in conjunction with EURUSD trend switching
Outlook for USDJPY (Main Scenario)
1Month chart
1Week chart
4 hours chart
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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.