USDJPY: Elliott wave analysis and forecast for 26.03.21 – 02.04.21
Main scenario: consider long positions from corrections above the level of 108.37 with a target of 111.72 – 114.00.
Alternative scenario: breakout and consolidation below the level of 108.37 will allow the pair to continue declining to the levels of 107.10 – 106.58.
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) is developing, with wave iii of 3 forming inside. Apparently, the wave (i) of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cC3k
