FX:USDJPY   U.S. Dollar / Japanese Yen
63 0 0
USDJPY             is consolidating into today's session, prices have formed a barrier triangle which is the most common price structure pattern formed in the wave 4 position of Elliott wave theory. All suggests corrective trading after last weeks sell off, with prices forming a 3-3-5 expanded flat correction pattern under Elliott wave theory. With that being said the most likely retracement of the wave 1 impulse is ^T1 which I denoted as target 1, followed by ^T2 with our ^S(stop) at 120.40, which at that point would null and void our analysis of the wave 1 sell off from last week being a corrective structure rather than a wave 1 impulse.

^S 120.40
^T1 119.20
^T2 119.80
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out