• Forex Analyst

USDJPY Elliott Wave Charts


Usd/Jpy 1 Hour Chart

Wednesday, 25 November 2020 at 08:39 GMT


USDJPY has turned up recently, also in five overlapping waves, which are traits of an Elliott wave leading diagonal. We now see a possibly completed leading diagonal at latest intra-day highs, which means a three-wave a-b-c pullback can be in store for the pair.


Usd/Jpy 4 Hour Chart

Wednesday, 25 November 2020 at 07:19 GMT


No change.

USDJPY started rallying away from the 103.64 level, which can be first evidence that a corrective wave B/2 is completed, and that a new five-wave recovery for a wave C/3 can be underway. That said, we still want to see a break above the 105.13 level, which would confirm a wave C/3 to be underway.


On the alternate count we are observing an unfinished Elliott wave ending diagonal.

ALTERNATE COUNT


Usd/Jpy 4 Hour Chart

Tuesday, 24 November 2020 at 06:38 GMT


USDJPY started rallying away from the 103.64 level, which can be first evidence that a corrective wave B/2 is completed, and that a new five-wave recovery for a wave C/3 can be underway. That said, we still want to see a break above the 105.13 level, which would confirm a wave C/3 to be underway.


COUNT #2

On count #2 we are observing an unfinished Elliott wave ending diagonal.


Usd/Jpy Daily chart

Nov 23 2020


COUNT 2


Usd/Jpy Weekly chart

Nov 22 2020





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