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USD/JPY- Bearish Elliott Wave and Ascending Triangle Pattern

USD/JPY has made the bearish Elliott wave pattern. At the end of the corrective waves, there is an ascending triangle pattern. After that, if the consecutive candles break 104.050, then the trend will rise and hit the following level 104.100 - 104.150.

But, according to EMA trend will continue to move downwards and knock the following target 103.945 - 103.920- 103.860. But there is the possibility of reversal, too. Then it will continue as an ascending triangle.

Dagangan ditutup: sasaran tercapai

All targets reached.

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