USD/JPY In A Bullish Rise – Elliott Wave Analysis

USD/JPY made a sharp bullish turn at the end of last week, indicating a low in place, and a minimum, three-wave reversal underway. We labeled the latest turn as wave i)/a), which can be followed by a three-wave pullback as b)/ii). Support is at 105.3/104.9 level.

usdjpy, 4h

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