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

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