USDJPY

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USDJPY – Diagonal to continue – September 27th, 2021

The market has been rising since a pullback from the diagonal’s lower side happened last week. As you can see on the 30m chart below, there’s a five-wave price movement, which is likely wave iii. If correct, wave iv is already underway, so we’re going to have a few days of consolidation.

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USDJPY – Diagonal to continue – September 23rd, 2021

It seems like there’s a three-wave decline, which is likely wave (b) of ((v)). Also, there’re a pullback from the diagonal’s lower side. The high of wave i has been broken, so wave iii is likely underway. If so, the prise should continue rising.

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USDJPY – Diagonal to continue – September 22nd, 2021

It seems like there’s a three-wave decline, which is likely wave (b) of ((v)). Also, there’re a pullback from the diagonal’s lower side and an upward impulse in wave i. Wave ii is over, so the market is likely going to continue rising in the short term.

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