As such, it seems that final leg higher is now underway ideally into 100 zone.
USDJPY Elliott Wave Analysis
USDJPY is coming higher as expected, now breaking out of a triangle meaning that pair can be in the final piece of a higher degree impulse from 2021 swing lows. We see this as a fifth wave meaning that upside can be limited in upcoming weeks, but based on Fib projections there is still room for 118.50/119.00 area after pullbacks. Ideally, next pullback will be wave 4) as we see wave 3) now as a very strong and extended leg, so the market may slow down a bit in the near term.
USDCHF 4h Elliott Wave Analysis
USDCHF once again stabilized at the lower side of a big triangle range and is currently turning higher, breaking resistance levels so it appears that wave C of B) is still in play possibly to 0.9400/50 area which can be seen after subwave four pullback when looking at 4h chart. Support is at 0.93-0.9340.
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