Cycle from 9.13.2022 excessive is in progress as a 5 waves impulse Elliott Wave construction and the construction is nearing the tip. Down from 9.13.2022 excessive, wave (1) ended at  104.51, and wave (2) rally ended at 110.35. Pair declines decrease in wave (3) in the direction of 95.86 because the 1 hour chart beneath exhibits. Rally in wave (4) ended at 99.29 with inner subdivision as a double three Elliott Wave. Up from wave (3), wave W ended at 97.9 and pullback in wave X ended at 97.138. Closing leg greater wave Y ended at 99.296 which accomplished wave (4) in greater diploma.
Wave (5) decrease is now in progress with inner subdivision as an impulse in lesser diploma. Down from wave (4), wave ((i)) ended at 97.95 and wave ((ii)) ended at 98.34. Pair extends decrease in wave ((iii)) in the direction of 96.84, and wave ((iv)) ended at 96.84. Closing leg decrease wave ((v)) ended at 96.14 which accomplished wave 1. Rally in wave 2 ended at 96.87 and pair has prolonged decrease once more. Close to time period, so far as pivot at 99.29 excessive stays intact, anticipate rally to fail in 3, 7, 11 swing for additional draw back.
CADJPY 60 Minutes Elliott Wave Chart
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