HomeContributorsTechnical AnalysisElliott Wave Analysis: USDJPY Showing A Completed Big Correction, A Change In...

Elliott Wave Analysis: USDJPY Showing A Completed Big Correction, A Change In Trend Can Be Happening

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDJPY is displaying a strong rally away from 108.50 region, where a corrective wave 2 of a higher degree was completed. Current impulsive activity can be now start of a minimum three wave rise, that will ideally reach levels at 113.0 and above. A breach above the 110.82 level is an indication and a confirmation, that a change in trend is happening, so more gains can be in for the pair.

USDJPY, 4H

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Load more

Learn Forex Trading