USD/JPY is showing a nice five wave move in motion towards higher levels, with price specifically trading at the start of the fifth and final wave to the upside. Recently as we can see pair underwent a three wave correction in the former wave 4), with the connecting wave B being an Elliott Wave triangle correction.
At the moment we see price trading at the upper channel line, which could be the first indication for higher levels to follow. Break above the wave B swing and through the channel line would give room for more gains to follow.
USD/JPY, 4H
