USD/JPY Intraday View
USD/JPY is still in the corrective phase after tracing out 5 waves up from lows. The corrective move lower is a bit complex with a triangle in the red wave b with more lower levels to come to complete red wave c. Support, for now, comes at an area where the former wave IV rests around 110.60/70 area. The impulse from this region will signal we are going to see higher levels ahead.
USD/JPY, 1H
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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