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.
Follow Elliott Wave charts and updates on twitter.
If you would like to be a part of TheLFB.com, to receive a full Elliott wave detail for Usd/Jpy (monthly, weekly, daily and 4h charts) and if you want to know what comes next and what to expect from the market, then join us now.
Disclosure: Long usd/Jpy