Elliott Wave Analysis: USDJPY Intraday View

6 באפר׳ 2017

USDJPY is displaying qualities of a triangle correction in wave 4, which could be as of current intra-day drop completed. We see price trading around the 110.77 level which could be wave two as part of a five wave drop within wave 5. That said a decisive drop beneath the 110.24 level will suggest lower levels to follow.