USDJPY Now Underway To 98.00-Elliott Wave

USDJPY is trying to stay with a larger uptrend now after recent reversal down to 95.50 support which appears to be wave iv). Wave iv) found a support around the trend-line connected from 91.00 and also near 38.2% Fibonacci support zone which was ideal start point for wave v). This wave v) could lift the pair up to 98.00 level in the near-term.

If you want more detailed technical analysis for USDJPY, as well as EURUSD and USDCAD , please see the video below.

Visit our website and Get more charts and forecasts with free access through 7-Day Trial Offer.
You can also follow us on twitter @ewforecast