This is my Elliott wave idea about USDJPY.
We are in sub-wave (2) (Blue) of wave C(Red).
Sub-wave (2) is a corrective wave(a-b-c).
Soon, sub-wave (c) (Orange) of wave (2) will start.
I think USDJPY sub-wave(c) will rising linked to EURUSD sub-Wave 5.
Outlook for EURUSD, Elliott wave analysis,
EURUSD will switch to the uptrend after sub-wave 5 is completed.
USDJPY will switch to the downtrend in conjunction with EURUSD trend switching
Outlook for USDJPY (Main Scenario)
1Month chart
1Week chart
4 hours chart
We are in sub-wave (2) (Blue) of wave C(Red).
Sub-wave (2) is a corrective wave(a-b-c).
Soon, sub-wave (c) (Orange) of wave (2) will start.
I think USDJPY sub-wave(c) will rising linked to EURUSD sub-Wave 5.
Outlook for EURUSD, Elliott wave analysis,
USDJPY will switch to the downtrend in conjunction with EURUSD trend switching
Outlook for USDJPY (Main Scenario)
1Month chart