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Currencies

USD/JPY – Monthly Analysis

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JPY Long Term Open Articles
568

October’s close clearly chose a favorite in USD/JPY. In this update, we’ll have a look at year 1986, unpack what’s unfolding between the Dollar and the Yen, highlight the technical patterns driving the latest move, and outline the scenarios that could shape the path ahead. Whether this is the opening act of something bigger or just a short-term ripple, reading the nuances now could make all the difference in the days and weeks to come.

CANDLES

Brutal. Just brutal was the October closure for the Yen. The dollar closed overwhelmingly bullish across all frames up to the 2M and has now opened a path toward levels not seen since 1986. Bullish trends, strong technical support — not much else to discuss. The dollar is bullish until it signals otherwise.

ELLIOTT WAVES

The long-term targets for the USD/JPY pair remain intact.

I’ve added one more potential channel in green that could take the dollar higher much faster than initially anticipated.

Summary

USD/JPY closed October with overwhelmingly bullish odds for the greenback. Momentum is so strong it could even accelerate the rally, putting the target rectangle within reach over the next 1–2 years.

The dollar remains bullish until signaled otherwise on at least the weekly frame.

Happy Trading!

JPY Long Term Open Articles
568
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