This is my Elliott wave idea about USDJPY on the 1h chart.
Now We are in Sub-wave (iv) (Black) of Wave C (Orange).
I think that Sub-wave (iv) is Zigzag (a-b-c).
After Wave (iv) will retrace 38.2% of Wave (iii), Wave (v) will start.
Weekly chart
Daily chart
Now We are in Sub-wave (iv) (Black) of Wave C (Orange).
I think that Sub-wave (iv) is Zigzag (a-b-c).
After Wave (iv) will retrace 38.2% of Wave (iii), Wave (v) will start.
Weekly chart