Elliott Wave Analysis: USD/JPY May Be In For More Gains
Gregor Horvat | Jun 09, 2017 07:22AM ET
USD/JPY can be trading at the start of a minimum three wave reversal higher. That said, current rally can be red wave i), that is because of overlapping price activity being labeled as a leading diagonal in action. Once the mentioned wave i) finds a top, a new three wave pull-back can follow into the following wave ii).
USD/JPY, 1H
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