Intraday Elliottwave Analysis: USDJPY, 1st target met

USDJPY break higher to 111.00 level.

Unfortunately missed the final leg higher.

From 104.56, it is a textbook 5 wave up.

If 5=1, the target should be 111.09.

Above here, 111.70/112.02 should be next level to watch.

Daily support      Levels: 110.71 110.69 110.57 110.45 110.23

Daily resistance Levels: 110.95 111.05 111.21 111.30 111.61

 

Intraday Trade Idea:

Sell Latentinterest Order:  111.21

Buy Latentinterest Order: 110.69

USDJPY

 

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Views are my own, not trading recommendations.