USDJPY Still inside the Triangle, USDCHF is Ready To Move Higher: Elliott Wave Analysis
USD is looking bullish against the Japanese yen, despite a falling stock market, so we think that USDJPY can move sharply to the upside, once stocks will find a support. On USDJPY we see a triangle in progress; that’s a five wave pattern with wave (d) now underway to the 120.70/80 area, where resistance can be seen, as wave (e) is also needed before correction is finished.
USDJPY 1h Elliott Wave Analysis
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