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USDJPY Wave Analysis

Por Phils_Ocean
  • USDJPY is in a complexe correction.
  • Market moved higher with decreasing volume and is overbought on daily and weekly Chart
  • Smart Money is patiently waiting for the last high before the huge fall will take place

  • WXY Correction is nearly done, we should see one last high next week to around 110.000 - 110.200
    Trade will be placed IF a significant price action takes place
  • e.g. 1h/4H Candlestick formation or change of trend on smaller timeframe


This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.
Elliott WavepriceactionTrend Analysis
Phils_Ocean

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