Wave (iv) appears to be ending with an (e) wave tag into the 0.764 retracement.
📉 Price remains capped within the contracting triangle — watching closely for breakdown confirmation.
If this plays out, wave (v) of C could now begin unfolding with initial focus on 140.00 and below.
🧩 Structure: (a)-(b)-(c)-(d)-(e) triangle complete
📏 Final wave (e) aligns with 0.764 retracement and structural resistance
⚠️ RSI divergence + weakening momentum support the bearish scenario
📉 Price remains capped within the contracting triangle — watching closely for breakdown confirmation.
If this plays out, wave (v) of C could now begin unfolding with initial focus on 140.00 and below.
🧩 Structure: (a)-(b)-(c)-(d)-(e) triangle complete
📏 Final wave (e) aligns with 0.764 retracement and structural resistance
⚠️ RSI divergence + weakening momentum support the bearish scenario
Note
USDJPY Micro View – Wave ((4)) May Be Nearing CompletionCurrent rally appears corrective (ABC), with wave c reaching into:
🔹 Local supply
🔹 0.764 Fib retracement
🔹 Wedge resistance
📌 Watching for signs of reversal — breakdown below trendline may confirm wave (5) in progress targeting sub-144.
Note
📍 USDJPY Micro View – Wave ((4)) Nearing CompletionABC rally appears corrective — wave ((5)) of c may soon complete around the 145.00 zone.
🔹 Local supply
🔹 0.764 Fib
🔹 Wedge resistance
📌 Breakdown below trendline and previous wave ((4)) would confirm wave E complete and wave (5) underway.
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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.