USDJPY Educational Chart

This is for those who like to learn elliotwave with classic indicators divergence. I am using MACD and Stochastic indicator with default settings. Another important tool I use Fibo tool. To analyze Price action I use moving average to filter most appropriate wave structure to trade. This is UJ chart with little harmonic flavor in it. Let's see how this is going to progress in Next week

I prefer to Long UJ after reaching 109.10 level.