USDJPY: Elliott wave analysis and forecast for 26.02.21 – 05.03.21
Main scenario: consider long positions from corrections above the level of 104.93 with a target of 107.00 – 109.83.
Alternative scenario: breakout and consolidation below the level of 104.93 will allow the pair to continue declining to the levels of 104.00 – 102.60.
Analysis: Daily TM: apparently, a descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside.
On the H4 time frame, the third wave of smaller degree 3 of (1) started developing, with wave i of 3 forming inside. Apparently, the fifth wave (v)... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qp4D
