Analysis of the Japanese yen based on Elliott waves in the daily and medium-term time frames
The market has entered a fall by completing 5 rising waves and breaking the trend line, which can complete itself in the form of an ABC wave.
The market is currently in a corrective wave B.
The most important resistance of wave B is 146,600
Target and support as wave C...
If the resistance level is not broken, we expect to move accordingly :1-2
.Continue moving if support is broken we expect to move accordingly: AB=BC
.This analysis is a person's opinion
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.Analyzer: Joseph
.Date of analysis:30jun
Hello Traders!
From our point of view, these are resistance and support area on daily time frame....
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![USDJPY: [USDJPY] SUPPORT & RESISTANCE AREA](https://s3.tradingview.com/5/5CFkoMiN_mid.png "[USDJPY] SUPPORT & RESISTANCE AREA")
