- 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
