Elliott Wave Analysis: USDJPY Update
USDJPY found a base this week at 111.60 area and bounced sharpy up to 113.00 which may not be a breakout yet, if we consider the possibility of a Elliott wave triangle placed in wave B. It's a five wave pattern where wave E) is still missing, so be aware of a new setback to 112.00 before uptrend resumes in impulsive fashion.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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