Archives for USD/JPY

USDJPY ELLIOTT WAVE ANALYSIS ( 07-05-20 )

  USD/JPY Elliott Wave AnalysisForex Pair : USD/JPY   Date : 7th May 2020   Time Frame : 4 Hr   Elliott Wave Analysis :   Lest’s start our USDJPY Elliott Wave Analysis on the 4Hr chart. The chart seems to be showing the possibility of the completion of an internal 5-3-5 ABC corrective structure for the (X) wave of the larger (W) (X) (Y) correction in the higher time frame.   Breaking it down, we can observe the following price action sequence unfolding for the (X) wave in dark blue.   The A wave in light blue could be identified as an impulsive [1][2][3][4][5] wave coming down in 5 waves with an extended
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