FX.co ★ remington.kihn | USD/JPY

Hello everyone! In the currency market, the USD/JPY pair is showing the formation of a descending impulse according to a comprehensive multi-timeframe analysis on the H4 chart. The analysis includes Elliott Wave Theory (EWA), MACD histogram readings, and the positioning of Smoothed Moving Averages (MA Smoothed) with periods of 55, 89, and 144. The probability of implementing technical and wave analysis models confirms this scenario. The priority of the downward movement will be maintained as long as the price remains below the critical level of 157.35.