Get started
Moraelin

Elliott wave take on UJ

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Moraelin  
FX:USDJPY   U.S. Dollar / Japanese Yen
1
3
I believe we're approaching final leg of an UJ Elliott wave which may lead us to 114.8 (TP1) - 114 (TP2) levels, which can prove some support and start the retractment pattern. I expect leg 4 to continue a bit more towards MA200 before the next leg down.

Disclaimer: this is a personal opinion, I'm not responsible if you decide to follow this.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.