USD/JPY: Elliott wave analysis and forecast for 14.11.25 – 21.11.25 | LiteFinance
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 152.76 with a target of 156.50 – 158.85. A buy signal: the price holds above 152.76. Stop Loss: below 152.76, Take Profit: 156.50 – 158.85.
- Alternative scenario: Breakout and consolidation below the level of 152.76 will allow the pair to continue declining to the levels of 149.18 – 146.40. A sell signal: the level of 152.76 is broken to the downside. Stop Loss: above 152.76, Take Profit: 149.18 – 146.40.
Main Scenario
Consider long positions from corrections above the level of 152.76 with a target of 156.50 – 158.85.
Alternative Scenario
Breakout and consolidation below the level of 152.76 will allow the pair to continue declining to the levels of 149.18 – 146.40.
Analysis
On the weekly time frame, an ascending wave of larger degree 3 has formed, a downward correction has been completed as the fourth wave 4, and the fifth wave 5 is developing. On the daily time frame, wave (1) of 5 is likely unfolding, with the third wave of smaller degree 3 of (1) forming as its part. Wave v of 3 is presumably unfolding on the H4 timeframe. Within this structure, the local correction has completed as wave (iv) of v, and wave (v) of v is currently forming. If the presumption is correct, the USD/JPY pair will continue to rise to the levels of 156.50 – 158.85. The level of 152.76 is critical in this scenario as a breakout will enable the pair to continue declining to the levels of 149.18 – 146.40.
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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