CurrencyWaves
Long

#USDJPY Daily Elliott Wave Count

FX:USDJPY   U.S. Dollar / Japanese Yen
294 2 7
As I have previously mentioned, I believe the USDJPy             is heading for the 135.00 area. The Daily count is showing that the B wave down has ended in a Y wave triangle and the pair is in a 3rd wave up or at least a nested 1-2.

If this is a nested 1-2 then I would expect the pair to pullback and test the broken trendline created by the pitchfork . If it is the wave 4 then some consolidation before another move higher.

The RSI is in good shape here above the 70 line and showing bullishness in the pair. I have highlighted a few times in the past were the RSI has gone above 70 and stayed there for some time.
looks like wave 4 here...
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Hi, What do you consider as broken the TL? What would be the level the pair may retrace?
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