Mon 31-12-2018 | TradingWaves

Chart Analysis

Mon 31-12-2018

USDJPY

It looks like still needs to complete Wave4, which seems to be a Flat (3,3,5) correction, so it should complete this Wave4 in a series of 5 waves.

After the Wave4 is completed it should do an impulsive drop towards resistance to complete Wave5.

60Mins
USDJPY 60Mins

4Hour
USDJPY 4Hours

Daily
USDJPY Daily





Author: admin — TradingWaves contributor specializing in Market Structure, Elliott Wave, and Technical Analysis.

USDJPY

It looks like still needs to complete Wave4, which seems to be a Flat (3,3,5) correction, so it should complete this Wave4 in a series of 5 waves.

After the Wave4 is completed it should do an impulsive drop towards resistance to complete Wave5.

60Mins
USDJPY 60Mins

4Hour
USDJPY 4Hours

Daily
USDJPY Daily






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