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USDJPY, Elliot Wave Analysis
9/2/2022 11:31 AMGrowth is possible.
On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed, and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is developing, within which the first wave of the lower level (i) of v has formed. If the assumption is correct, after the end of the local correction (ii) of v, the USD/JPY pair will grow to the area of 145.00–150.00. In this scenario, critical stop loss level is 131.70.
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