USDJPY
Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1
Basic Elliot impulse with 5 waves:
iMPULSE LEG:
Can never exceed the start of wave 1);
CORRECTiON:
161% ext Wave A
262% ext Wave A
Cyphers:
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Safe trades;
Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1
Basic Elliot impulse with 5 waves:
iMPULSE LEG:
Can never exceed the start of wave 1);
CORRECTiON:
161% ext Wave A
262% ext Wave A
Cyphers:
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Safe trades;