USDJPY: Elliott wave analysis and forecast for 17.12.21 – 24.12.21
Main scenario: short positions will be relevant on corrections below the level of 114.28 with a target of 112.30 – 111.54.
Alternative scenario: breakout and consolidation above the level of 114.28 will allow the pair to continue rising to the levels of 116.50 – 118.00.
Analysis: an ascending wave of larger degree C has presumably started forming on the daily chart, with the third wave 3 of (1) of С unfolding as part of it. H4 chart: a correction has completed as wave ii of 3, and wave iii of 3 has formed. Apparently, a local correction continues forming as... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jteik
