Elliott Wave Forecast Team
ElliottWave-Forecast.com
USDJPY has turned nicely down at the start of the year from 105.50. A decline can be counted in five waves, so we think that this is first leg of minimum three waves bearish structure. Therefore we are looking for more weakness now as corrective rally from 100.70 appears completed after recent fall to the lower side of a trading channel. Break-down is in view it seems, so traders should be aware of move through 100.72 and possibly to 99.00 area.
USDJPY Daily Elliott Wave Analysis
USDJPY Daily Elliott Wave Analysis
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