Solid News

USDJPY, Elliot Wave Analysis

10/28/2022 10:44 AM

The pair is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level 3 developed, within which the fifth wave of the lower level v of 3 formed. Now, a downward correction has started as the fourth wave 4, within which the wave of the lower level a of 4 is developing. If the assumption is correct, the USD/JPY pair will fall to the area of 140.13–136.82. In this scenario, critical stop loss level is 151.76.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023