Elliott Wave Forecast Team
ElliottWave-Forecast.com
USDJPY broke above 120.48 so we see pair now in wave iii) that is trading at some important Fibo levels. As such, current sharp rise from around 119.10 can be limited on the upside, so be aware of a red wave iv) pullback in sessions ahead back to around 120.70. But from a bigger perspective, we see pair going much higher in days ahead, so any reversal down will be temporary and limited.
USDJPY 4h Elliott Wave Analysis
USDJPY Weekly Chart
USDJPY 4h Elliott Wave Analysis
USDJPY Weekly Chart
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