Market Overview

USDJPY Elliott Wave Analysis: Wave 5 In Progress


USDJPY is trading higher, now at new high of the year after recent consolidation in wave 4 which was a running flat. As such, we see prices now moving up in wave 5 targeting 104.80/105.00 region from where we may see a deeper and larger corrective retracement back in red wave 4).

USDJPY 4h Elliott Wave Analysis

On Intraday Chart USDJPY is at the highs, now in fifth wave and testing some Fib resistance levels at 104.50/60. Be aware of a corrective retracement back to 103.80.

USDJPY 1h Elliott Wave Analysis

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