Elliott waves analysis – USD/JPY. Beginning of the Final Wave of Growth.

There have been no significant changes in the USD/JPY pair over the past trading day. The price dipped slightly, breaking the trendline, but quickly returned, suggesting the completion of the corrective wave 4 of (5).

If this is the case, we can expect the resumption of the upward movement, driven by the formation of the final wave 5 of the extended bullish impulse. Ultimately, this may lead to a new high followed by a reversal.

In this situation, it is advisable to consider buying at the current market levels.