Elliott wave Signal for Long term with Low risk trade.
TimeFrame = Daily.
Signal = Buy at market price (115.28) or Limit Buy at 114.00 area if you can wait for safer trade.
Target Profit = 120.00 area.
Stop Loss = 112.00
Risk Reward Ratio = greater than 20.0 (Low Risk)
USD/JPY Elliott wave Analysis :-
This is a Very Long Term Trades with expected duration of target archived for 5 months.
We not advice for Scalper or Intraday trader to follow this signal but you can always use this as guidance for your major trend projection.
We target for Elliott wave Minuette degree of wave 3 at 120.00 area as a first target which also a projection of 161.8% of fibonacci expansion.
How ever, for the short term we could see USD/JPY could retest previous support at 120.00 area so we better put a stop just below that area.
At the moment we could not produce an illustrated image for this signal due to connection problem with our trading platform.We will upload the picture as we get our platform fixed.