ElliottWavePro

USDJPY - new high coming soon

FX:USDJPY   U.S. Dollar / Japanese Yen
M120. There’s another pullback from the 30 Smoothed MA , so wave (v) of ((i)) is likely going to be continued. At the same time, the beginning of wave ((ii)) is not far off.

M15. We’ve got two pullbacks from the 38,2% retracement of wave iii. Also, there’s a double zigzag in wave ((2)), so the market is likely going to rise in wave v of (v) in the coming hours.
Comment: M120. The 30 Smoothed MA was broken, so wave ((i)) may have been ended. Therefore, we could have an impulse in wave (a) of ((ii)). The first target is the 23,6% retracement of wave ((i)).

M15. There's a possible local extension in wave iii of (a). Wave ((3)) is going to end soon, so bulls will probably try to deliver a correction.

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Comments

in M120 iii is probably v, so were probably in ii minute already
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