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USDJPY: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 153.60 with a target of 158.34 – 161.50.

Alternative scenario: breakout and consolidation below the level of 153.60 will allow the pair to continue declining to the levels of 150.75 – 146.44.

Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degree i of 3 and corrective second wave ii of 3 completed as its parts.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-260424-030524/

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1.5K viewsApr 26 at 11:34

USDJPY: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 153.60 with a target of 158.34 – 161.50.

Alternative scenario: breakout and consolidation below the level of 153.60 will allow the pair to continue declining to the levels of 150.75 – 146.44.

Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degree i of 3 and corrective second wave ii of 3 completed as its parts.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-260424-030524/

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