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USDJPY WAVE ANALYSIS (CURRENT PICTURE)

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Dólar Americano/Iene Japonês (FOREXCOM:USDJPY)  
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FOREXCOM:USDJPY   Dólar Americano/Iene Japonês
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
This symbol has been trending up following the correction from the October 2022 high of 152 to 127.4 region. The pair has been trending up in a wave-like fashion and has currently completed waves 1 to 3. Assuming the 50 daily SMA acts as support (which is usually a reliable support considering the correction of wave 3) and completes wave 4, we would be set to go up to complete wave 5 with target of about 140.

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