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Elliott Wave Charting: Usd/Jpy Bullish Triangle

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Elliott Wave Charting: Usd/Jpy

Usd/Jpy fell to the lower support line of a triangle in the last session, where prices were unable to break through the 89.75 lows. The market offered an upside reaction recently that could be a start of a new bullish leg, in a black wave C that should get underway very soon. All of the triangle legs that are needed for a completion signal are already in place, and more U.S. dollar strength against the Japanese yen is expected in the near future.

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TheLFB JpyTheLFB Charting: Usd/Jpy 4h view

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Disclosure: Long usd/Jpy