Part 5 - Risk-off August - USD/JPY Daily

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

Updated

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

Elliott Wave Wave Analysis USDJPY dollaryen usdjpyshort usdjpylong wavecount usdjpyanalysis

elliottwaves waveanalysis usdjpy dollaryen usdjpyshort usdjpylong wavecount usdjpyanalysis

USD/JPY – Daily Resistance & Support:

Resistance: 112.00 / 113.00 / 114.50 / 118.00 / 124.00
Support: 110.00 / 108.00 / 107.00
USD/JPY – Summary:

Expected to continue with the Bearish Correction which could complete at or around 110.00 Levels, but could also reach 108.00 Levels
Bullish Impulse expected at or around the 110.00 or 108.00 Levels

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Strong YEN coming!

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