USD/JPY

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3-Month Elliott Wave Chart Analysis

USD/JPY 3-month Elliott Wave Chart analysis highlighting Wave ((c)) in an possable expanding flat structure. The structure is suggesting we are in a wave (iv) retracement before continuation
USD/JPY 3-Month Chart: Elliott Wave analysis suggests Wave ((c)) forming within an expanding flat structure. A potential retracement could complete before further upside.”

Summary

This Elliott Wave chart analysis suggests that USD/JPY remains in a long-term bullish trend, respecting an established base channel.

  • The market appears to have completed a Wave ((iv)) correction, aligning with the 38.2% Fibonacci retracement (128.72).
  • According to this Elliott Wave analysis, USD/JPY is likely beginning Wave ((v)), which is expected to unfold in a five-wave impulsive structure.

? Key Confirmation Levels

✔ Break above Wave ① high → Confirms bullish continuation toward 161.56 and 180.90.
❌ Drop below 128.72 → Invalidates the wave count, suggesting a larger correction.

? Projected Price Targets

  • Near-Term Resistance: 149.62 (previous Wave ((iii)) high).
  • Mid-Term Target: 161.56 (1.236 Fibonacci extension).
  • Long-Term Extension: 180.90 (1.618 Fibonacci extension).

? Market Bias

✅ Bullish Outlook: As long as price remains above 141.39 – 128.72, the wave count remains valid.
? Bearish Risk: A drop below 128.72 could indicate a larger corrective structure before continuation.

? This Elliott Wave chart analysis highlights USD/JPY’s potential for further upside, with Wave ((v)) projected to extend toward 161.56 – 180.90, contingent on price maintaining support within key Fibonacci levels. on the price maintaining support within key Fibonacci levels.

USD/JPY Weekly Outlook – Elliott Wave Analysis

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USD/JPY Weekly Chart: Elliott Wave analysis suggests Wave ((iv)) correction has likely completed, with Wave ((v)) projected to extend toward 161.56–180.90 levels. A five-wave impulse is anticipated, with key Fibonacci levels acting as support and resistance. Base channel structure remains intact.”

USD/JPY Weekly Outlook – Elliott Wave Analysis

Current Market Structure

  • This Elliott Wave analysis of USD/JPY suggests the market remains in a bullish long-term trend, respecting an established base channel.
  • The chart highlights a completed Wave ((iv)) correction, setting the stage for the next leg higher.
  • The expanding flat correction suggests Wave c found support near 128.72, aligning with Fibonacci confluence.

? Key Confirmation Levels

✔ Break above Wave ① high → Confirms the bullish structure and targets 161.56 – 180.90.
❌ Drop below 128.72 → Invalidates the bullish count and suggests a deeper correction.

? Potential Price Targets

  • Near-Term Resistance: 149.62 (previous Wave ((iii)) high).
  • Mid-Term Target: 161.56 (1.236 Fibonacci extension).
  • Long-Term Extension: 180.90 (1.618 Fibonacci extension).

? Market Bias

✅ Bullish Outlook: As long as price remains above 141.39 – 128.72, this wave count remains valid.
? Deeper pullback below 128.72 could indicate a larger corrective structure before continuation.

? This Elliott Wave chart analysis suggests USD/JPY is in the early stages of Wave ((v)), with significant upside potential if the structure holds.

? Your Turn!

? What’s your outlook on USD/JPY? Do you think Wave ((v)) will reach 180.90?
Drop your thoughts in the comments below! ⬇️

? Want more Elliott Wave insights? Check out our latest Gold (XAU/USD) Elliott Wave Analysis and see how it correlates with USD/JPY.? Do you think Wave ((v)) will reach 180.90?
Drop your thoughts in the comments below! ⬇️

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