USD/JPY: Elliott wave analysis and forecast for 26.09.25 – 03.10.25 | LiteFinance
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 145.45 with a target of 154.80 – 158.85. A buy signal: the price holds above 145.45. Stop Loss: below 143.90, Take Profit: 154.80 – 158.85.
- Alternative scenario: Breakout and consolidation below the level of 145.45 will allow the pair to continue declining to the levels of 142.50 – 139.83. A sell signal: the level of 145.45 is broken to the downside. Stop Loss: above 147.00, Take Profit: 142.50 – 139.83.
Main Scenario
Consider long positions from corrections above the level of 145.45 with a target of 154.80 – 158.85.
Alternative Scenario
Breakdown and consolidation below the level of 145.45 will allow the pair to resume declining to the levels of 142.50 – 139.83.
Analysis
On the weekly timeframe, the ascending wave of larger degree 3 has formed, and the downward correction appears to have completed as the fourth wave 4. On the daily time frame, the fifth wave 5 has presumably started forming, with wave (1) of 5 developing as its part. On the H4 time frame, a local correction has likely finished as the second wave of smaller degree wave 2 of (1), and the third wave 3 of (1) is now forming. If the presumption is correct, the USD/JPY pair will continue to rise to the levels of 154.80 – 158.85. The level of 145.45 is critical in this scenario, as a breakout will enable the pair to resume declining to the levels of 142.50 – 139.83.
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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