USD/JPY Elliott Wave Analysis
USD/JPY is heavily influenced by the interest rate differential between the US and Japan. It is a key barometer for global risk sentiment and carry trade flows.
USDJPY Elliott Wave: Triangle in Wave (iv) Points to New Highs
USD/JPY forms extended trending moves when BoJ and Fed policies diverge. Impulse waves can extend well beyond 161.8% due to carry trade momentum. Corrections tend to be shallow (38.2%) in strong trends.
Major levels at 140.00, 145.00, 150.00, 155.00. The 200-day MA is a critical support/resistance indicator for this pair.
Pay attention to BoJ intervention zones. Wave analysis combined with the interest rate differential gives the highest probability setups on USD/JPY.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
New to the method? Read the Elliott Wave forex guide or brush up terms in the Elliott Wave glossary.
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.