USDJPY: Long-term price uptrend continues to be consolidated
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Hello Karina's friends, USDJPY is currently trading around the 151.70 level and is still showing good potential for an increase in price.
Karina predicts a long-term upward movement for this currency pair based on the completion of a 1D 5-wave Elliott chart pattern. Waves 3-4 align with the 0.5 Fibonacci retracement level marked in red on the chart, further confirming the long-term upward trend. It is expected that wave 5 will be completed, with the pair receiving support around the 149.00 level.
What about you? Do you think the price will rise, or are you expecting a decline in this currency pair?
Karina predicts a long-term upward movement for this currency pair based on the completion of a 1D 5-wave Elliott chart pattern. Waves 3-4 align with the 0.5 Fibonacci retracement level marked in red on the chart, further confirming the long-term upward trend. It is expected that wave 5 will be completed, with the pair receiving support around the 149.00 level.
What about you? Do you think the price will rise, or are you expecting a decline in this currency pair?
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