USD/JPY falling inside the C-wave

USD/JPY falling inside the C-wave

  • USD/JPY falling inside the C-wave
  • Next sell target - 108.30

USD/JPY continues to fall inside the C-wave of the sharp intermediate ABC correction (2) from the start of November. The active C-wave earlier broke through the support area lying between the key support level 111.00 (which stopped the A-wave of the active ABC correction (2)) and the 50% Fibonacci correction of the previous upward impulse wave (1) from last September. USD/JPY is expected to fall further toward the next sell target at the next support level 108.30.

USDJPY - Primary Analysis - Jan-24 2241 PM (1 day).png

jpy

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera