Elliot Wave Analysis USDJPY

The dollar has been under massive pressure during the month of October.

As depicted longer time frame 240H (left chart) we had a full 12345 structure which could not exceed 109.000, currently anticipating a corrective structure at a smaller time frame 120H (right chart) which might complete leg A at around 108.000, reverse to complete our wave B cycle and lastly final wave C which might drop further down to 107.000. This will only occur in the coming days/ weeks as its mainly for Swing Traders.

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