USDJPY USDJPY USD/JPY – 4H Chart – Elliott Wave Analysis
📅 July 16, 2025 | By: Trwin
🧠 Pattern Highlighted: Expanding Ending Diagonal (Wave C)
The current move from wave B to C appears to form a classic expanding ending diagonal, suggesting trend exhaustion near the key resistance zone of 149.71.
🔎 Key Features:
🔹 All 5 waves are structured as zigzags – a textbook ending diagonal.
🔹 Wave 3 > Wave 1, and Wave 5 > Wave 3 → confirms expanding structure
🔹 Wave 2 & 4 retraced deeper than typical impulses (common in diagonals)
🔹 Wedges are diverging, forming an expanding wedge.
🔹 Price is nearing a throw-over, hinting at final exhaustion.
💬 What do you think? Will USDJPY reverse hard from this expanding wedge or break higher into a blow-off top?
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading carries risk, and past performance is not indicative of future results. Always do your own research and consult with a licensed financial advisor before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.