Should we wait for the Japanese yen to rise ?!!

4 thg 4, 2024

Dear friends and colleagues, we are at your service with the chart of the Japanese yen to the US dollar in the daily time frame. As you can see, this symbol has reacted to its historical ceiling several times and is involved in an important resistance that I expect to break. Due to the fact that wave 5 has not yet been completed based on the theory of Elliott waves, I see the trend as bullish.
Support points: 149,300 & 147,000
Resistance points: 157,000 & 164,000