Nvidia becomes first company to reach $4 trillion market cap amid AI boom
USD/JPY has been in a strong bullish mode for the last few months, so recent pullback down to 115.00 was just a temporary pause within an uptrend. We see this bearish activity as corrective wave 4, that seems to have ideally unfolded as a flat correction.
Recent intraday bounce at the 161.8 Fibonacci ratio indicates that the correction in wave 4 can be completed, and that more upside may follow in days ahead. That said, a five wave move higher from current levels would indicate more gains to follow.
USD/JPY, 4H
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