The daily chart of USD/JPY has formed a full elliot wave.
It is due for a ABC corrective wave which can happen from the point B(61.8 retracement of wave 5 and A) or from the point 5.
Hence we expect the USD/JPY to be bearish for short term.
It is due for a ABC corrective wave which can happen from the point B(61.8 retracement of wave 5 and A) or from the point 5.
Hence we expect the USD/JPY to be bearish for short term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.