USD/JPY: Elliott wave analysis and forecast for 21.11.25 – 28.11.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 155.20 with a target of 159.00 – 162.00. A buy signal: the price holds above 155.20. Stop Loss: below 155.20, Take Profit: 159.00 – 162.00.
- Alternative scenario: Breakout and consolidation below the level of 155.20 will allow the pair to continue declining to the levels of 152.72 – 149.18. A sell signal: the level of 155.20 is broken to the downside. Stop Loss: above 155.20, Take Profit: 152.72 – 149.18.
Main Scenario
Consider long positions from corrections above the level of 155.20 with a target of 159.00 – 162.00.
Alternative Scenario
Breakout and consolidation below the level of 155.20 will allow the pair to continue declining to the levels of 152.72 – 149.18.
Analysis
On the weekly time frame, an ascending wave of larger degree 3 has formed, a downward correction has been completed as the fourth wave 4, and the fifth wave 5 is developing. On the daily time frame, wave (1) of 5 is likely unfolding, with the third wave of smaller degree 3 of (1) forming as its part. Wave v of 3 is presumably developing on the H4 time frame, with wave (v) of v unfolding within. If the presumption is correct, the USD/JPY pair will continue to rise to the levels of 159.00 – 162.00. The level of 155.20 is critical in this scenario as a breakout will enable the pair to continue falling to the levels of 152.72 – 149.18.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of USDJPY in real time mode
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