USDJPY: Elliott wave evaluation and forecast for 16.09.2022 – 23.09.2022

USDJPY: Elliott wave evaluation and forecast for 16.09.2022 – 23.09.2022

Table of Contents


Predominant state of affairs: contemplate lengthy positions from corrections above the extent of 141.66 with a goal of 147.00 – 149.99. 

Various state of affairs: breakout and consolidation beneath the extent of 141.66 will enable the pair to proceed declining to the degrees of 140.25 – 138.34. 

Evaluation: the upward third wave of bigger diploma (3) continues creating on the every day chart, with wave 3 of (3) fashioned as its half. A descending correction has completed creating because the fourth wave 4 of (3) on the H4 chart, and the fifth wave 5 of (3) is unfolding. Apparently, the third wave of smaller diploma iii of 5 is forming on the H1 chart, with a neighborhood correction (iv) of iii accomplished and the fifth wave (v) of iii creating inside. If the presumption is appropriate, the pair will proceed to rise to the degrees of 147.00 – 149.99. The extent of 141.66 is vital on this state of affairs as a breakout will allow the pair to proceed declining to the degrees of 140.25 – 138.34.



Worth chart of USDJPY in actual time mode

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