ElliottWavePro

USDJPY - developing impulse

FX:USDJPY   米ドル/円
M120. We've got a bullish impulse in wave ((i)). The price has broken the 30 Smoothed MA, so it's time for wave ((ii)). Under this circumstances, bears are likely going to deliver an impulse in wave (a).

M15. There's a developing impulse in wave (a) with an extension in wave iii. Considering that wave ((5)) of iii is on its last legs, we could have wave iv of (a) on Monday.

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