Elliott waves analysis – USD/JPY. The situation remains under the control of buyers.

The price continues to trade calmly within a certain range. After a small pullback, the growth has resumed, which may either continue today or be replaced by another wave of decline, forming a zigzag correction. However, after that, the price is expected to rise again.

This is because wave 3 currently appears incomplete, lacking another update to the current high. Therefore, buying remains the priority trading decision. However, there is no clear entry point at the moment, so it’s better to stay out of the market and patiently wait for a good opportunity.