Elliott waves analysis – USD/JPY. Corrective upward movement is expected.

There were no significant changes in the current trading session for this pair. The dollar made a weak attempt to grow, but quickly abandoned this idea. As a result, the price returned to the same value from which this growth attempt was initiated.

However, the current situation suggests an upward movement due to the formation of a correction structure. Previously, the formation of a downward impulse, which is presumably the initial wave in an emerging downward impulsive movement of an older time level, likely ended.

Thus, in the current situation, it is worth considering the possibility of entering into buy trades at current market values.