The pair continues falling.

Assumingly, wave C of 4 continues forming within a large correction. At present, the fifth wave v of C seems to be forming. If the assumption is correct, the pair continues falling to 112.80. A critical for this scenario is the level of 115.90.

Trading tips

Sell the pair from corrections, below the level of 115.90 with the target at 112.80.

Alternative scenario

The breakout and consolidation above the level of 115.90 would allow the pair to continue growing to 121.70 and higher.

USD/JPY: wave analysis

USD/JPY: wave analysis

USD/JPY: wave analysis




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