#USDJPY 4 HR Elliott Wave Update
Trade Thoughts: Waiting for signs of a B or2 wave bottom to be in place and take the C or 3rd wave trade higher.
The USDJPY is currently test the bottom of the down trend channel. I am not 100% sure on the wave count here but looking for a possible ending diagonal of some sort over the coming week or so.
The RSI is currently diverging so some sort of bounce should be coming soon.
USDJPY 4 HR Elliott Wave Count
|USDJPY 4 HR Elliott Wave Count|