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Elliott Forecast

Eric Morera

Elliott Wave View: USDJPY Ending Wave 5 Soon

March 17, 2022 By

Short Term Elliott Wave View in USDJPY suggests the rally from March 05, 2022 low is unfolding as a . Up from March 05 low, wave 1 ended at 115.95 and pullback in wave 2 ended at 115.53. The 60 minutes chart below shows pair has turned higher again in wave 3. Internal subdivision of wave 3 is unfolding as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 116.196 and dips in wave ((ii)) ended at 115.78. Pair then resumes higher in wave ((iii)) towards 118.062 and pullback in wave ((iv)) ended at 117.800. Wave ((v)) higher ended at 118.451 which also completed wave 3.

Pair then did a pullback in wave 4 ending at 117.68 and bounce look to complete wave 5 and also wave (1). Near term, expect to complete wave (1) soon. Possible target for wave (1) can end at 119.34 – 11948 area and pullback should then find support in the sequence of 3, 7, or 11 swing as wave (2) for further upside in wave (3). The view is valid as far as pivot at 114.595 low stays intact,

USDJPY 60 Minutes Elliott Wave Chart

USDJPY Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-usdjpy-ending-wave-5-soon/

#elliottwave #trading #usdjpy

17/03/2022 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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