A downward trend is strong.

Wave C of 4 in a large correction continues forming. At present, the final fifth wave v of C seems to be forming, within which a Bearish impulse is developing. If the assumption is correct, the fall will continue towards 108.50. Critical for this scenario is the level of 115.10.

Trading tips

Sell the pair below the level of 115.10 with the target at 108.50.

Alternative scenario

The breakout and consolidation above the level of 115.10 would allow the pair to grow to 121.70 and above.

USD/JPY: wave analysis

USD/JPY: wave analysis




Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.



Follow us in social networks!
Live Chat
Leave feedback