USDJPY: Elliott wave analysis and forecast for 15.04.2022 – 22.04.2022

Main scenario: consider long positions from corrections above the level of 121.83 with a target of 128.00 – 130.00. 

Alternative scenario: breakout and consolidation below the level of 121.83 will allow the pair to continue declining to the levels of 119.07 – 114.57. 

Analysis: the third wave of larger degree 3 presumably continues developing on the daily chart, with wave iii of 3 forming as its part. The third wave of smaller degree (iii) of iii is formed, corrective wave (iv) of iii has finished developing, and the fifth wave (v) of iii is forming on the H4 chart. Wave… Read full author’s opinion and review in blog of #LiteFinance