USDJPY May 20, 2024 Is this price increase over?

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Based on the Elliot wave principle, we analyze the H1 chart
We see that the 5-wave small structure has completed on the H1 frame after which the price entered the corrective wave abc.
- Looking at this correction structure, we see that wave a b c has completed, the price is in the stage of completing the next rising wave.
- The adjustment process is officially determined when the price breaks out through the 155.98 area
- In the trading plan, we expect a good buying zone at the price range of 155.6 with TP at the 159 zone.

Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.

Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
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