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Elliott Wave Charting: Usd/Jpy Correction

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Elliott Wave Charting

Usd/Jpy

Usd/Jpy hit the 90.30 area, and a near-term resistance zone. In that zone we are looking for the top of a corrective red wave B, around the 61.8% Fibonacci level and falling trend-line connected from the 93.80 highs.

An impulsive Short wave C is expected with a move towards the 88.30 target zone if the 91.27 top holds.

TheLFB Charting: Usd/Jpy 4h view

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