U.S. Dollar / Japanese Yen

Long

Updated

USDJPY: Elliott wave analysis

3-3-5 flat correction since 24th June is still in progress.
19-day cycle hints bullish reversal will happen in a few days.
99.0-100.0 is strong buy zone.
Happy trading!

Note

Alternative1: Expanding leading diagonal scenario

snapshot

Note

Alternative2: Impulse wave scenario

snapshot

Related publications

USDJPY: Bear trend coming to an end

USDJPY: correction phase

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