USDJPY Short Term Elliott Wave view

27 июн.

The USD/JPY pair has continued to show bullish strength despite all of the BOJ's interventions in the last six months. The recent break of the 1990 highs suggests that there is still room for upward movement. We are counting the choppy movements since May as a complete triangle and are tracking five legs higher this and next week. We can expect resistance around the 162.00 zone next.