Pair may find resistance around .50 or 0.618 Fibonacci ratio. Bears may enter into market at that point.
USDJPY 1h Elliott Wave Analysis Chart
Wednesday, May 24, 2017
USDJPY Elliott Wave Analysis - Bears May Enter Soon
Forex pair USD/JPY trades into correction. USD/JPY fell impulsively into 5 waves. As per Elliott wave theory there is correction after every impulsive move.
Pair may find resistance around .50 or 0.618 Fibonacci ratio. Bears may enter into market at that point.
Pair may find resistance around .50 or 0.618 Fibonacci ratio. Bears may enter into market at that point.
