USDJPY: Elliott wave evaluation and forecast for 19.08.22 – 26.08.22

USDJPY: Elliott wave evaluation and forecast for 19.08.22 – 26.08.22

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Foremost state of affairs: take into account brief positions from corrections under the extent of 139.52 with a goal of 127.21 – 123.53. 

Different state of affairs: breakout and consolidation above the extent of 139.52 will permit the pair to proceed rising to the degrees of 142.36 – 145.00. 

Evaluation: the third wave of bigger diploma (3) is creating on the each day chart, with wave 3 of (3) shaped as its half. A draw back correction continues creating because the fourth wave 4 of (3) on the H4 chart, with wave a of 4 shaped inside. Wave b of 4 seems to be nearing completion on the H1 chart, with wave (c) of b forming as its half. If the presumption is appropriate, the pair will resume falling in wave c of 4 to the degrees of 127.21 – 123.53 after wave b of 4 shaped. The extent of 139.52 is crucial on this state of affairs as a breakout will allow the pair to proceed rising to the degrees of 142.36 – 145.00.



Value chart of USDJPY in actual time mode

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