USD/JPY: Elliott wave analysis and forecast for 09.01.26 – 16.01.26 | LiteFinance
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below 157.75 with a target of 153.20 – 151.73. A sell signal: the price holds below 157.75. Stop Loss: above 157.75, Take Profit: 153.20 – 151.73.
- Alternative scenario: Breakout and consolidation above the level of 157.75 will allow the pair to continue rising to the levels of 162.00 – 165.00. A buy signal: the level of 157.75 is broken to the upside. Stop Loss: below 157.75, Take Profit: 162.00 – 165.00.
Main Scenario
Consider short positions from corrections below the level of 157.75 with a target of 153.20 – 151.73.
Alternative Scenario
Breakout and consolidation above the level of 157.75 will allow the pair to continue rising to the levels of 162.00 – 165.00.
Analysis
An ascending fifth wave of larger degree 5 is developing on the weekly chart, with wave (1) of 5 forming as its part. Apparently, the third wave of smaller degree 3 of (1) is formed on the daily chart, and a local correction is developing as the fourth wave 4 of (1). Wave c of 4 appears to be forming on the H4 chart. Within it, wave (iii) of c has presumably started developing. If the presumption is correct, USD/JPY will continue to drop to the levels of 153.20 – 151.73. The level of 157.75 is critical in this scenario as a breakout above it will enable the pair to continue rising to the levels of 162.00 – 165.00.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of USDJPY in real time mode
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