USD/JPY only needs a small dip below 130.56 to complete wave A and set the stage for a temporary rally in wave B towards resistance in the 141.25 - 143.78 area before wave C takes over for a decline toward 113.90. This will likely complete an X-wave and call for renewed upside progress in USD/JPY.
That said, we will as always take baby steps and start by looking for the small dip to just below 130.56 to complete wave A and set the counter rally in wave B towards 141.25.
Relevance up to 06:00 2023-01-03 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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