USDJPY Elliot Wave Analysis - Moving Into Corrective Structure Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 16, 2020 3:28 AM

//Forecast//
Price is rejecting off the weekly trendline. It's looking as if the 5th wave will be truncated from the exhausting selling pressure. FRVP and the 20 EMA indicate that price will retrace to the point-of-control, beginning wave a.

Comment

⋅ Dec 16, 2020 6:26 PM

Wave v pushed down to the 200% level.

Comment

⋅ Dec 18, 2020 4:10 AM

Correction ended at 103.928