USDJPY has reached levels around 119 in this week so we see pair forming an extended structure, now in wave 5 that needs to be made by five waves. For now that is still not the case from 115.45 wave 4 low, so traders must be aware of even higher prices in sessions ahead, close to 120 psychological figure. We would call end of a bullish swings only if 116.34 support would be taken out.
USDJPY 4h Elliott Wave Analysis
usdjpy elliott wave