USDJPY Turns Back To Bearish Mode From Resistance
Aug 4, 2023

USDJPY

USDJPY turns back to bearish mode from resistance, as correction within downtrend can be completed by Elliott wave theory.

USDJPY turned sharply down from projected resistance as we warned about on July 31. CLICK HERE

So, A-B-C correction can be now completed and we should be aware of a sell-off after the NFP report, ideally within a new five-wave bearish impulse, just be aware of short-term pullbacks. Bearish confirmation level is still far away below 138 region.

USDJPY Turns Back To Bearish Mode From Resistance USDJPY 1H Chart
USDJPY 1H Chart

Commodities Are Looking For A Bigger Recovery. Check our blog HERE

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