USDJPY: Elliott wave analysis and forecast for 22.09.23 – 29.09.23

Main scenario: consider long positions from corrections above the level of 145.83 with a target of 151.50 – 155.00. 

Alternative scenario: breakout and consolidation below the level of 145.83 will allow the pair to continue declining to the levels of 141.77 – 138.17. 

Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 3 of (5) forming, with wave v of 3 developing as its part. Apparently, the fifth wave of smaller degree (v) of v of 3 continues… Read full author’s opinion and review in blog of #LiteFinance