USDJPY: Elliott wave analysis and forecast for 09.04.21 – 16.04.21
Main scenario: consider short positions from corrections below the level of 110.94 with a target of 107.71 – 106.75.
Alternative scenario: breakout and consolidation above the level of 110.94 will allow the pair to continue rising to the levels of 112.50 – 114.00.
Analysis: The descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside, in the daily timeframe. In the H4 timeframe, there is developing the third wave of a smaller degree 3 of (1), with wave i of 3 unfolding inside. Apparently, the descending... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFW2
