USDJPY 1H Bearish Impulse Unfolding – Wave 5 Loading!

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USDJPY 1H Bearish Impulse Unfolding – Wave 5 Loading!U.S. Dollar / Japanese YenFOREXCOM:USDJPYSmartWedgeTraderUSDJPY USDJPY 1H Bearish Impulse Unfolding – Wave 5 Loading! πŸ“‰ Wave outlook for the πŸ‡ΊπŸ‡Έ/πŸ‡―πŸ‡΅ #USDJPY pair on the 1-hour timeframe Bearish control 🐻 πŸ‘Œ The bearish outlook is dominating the pair’s direction, as we have already seen a strong decline through the sub-waves of wave 3 within an impulsive bearish move. This move could represent wave 5 within wave (1)/(A) of a larger decline, targeting the levels 156.578 – 154.213, which represent the expected objectives for wave 5 and an important support zone. πŸ“‰ If no reversal appears at this level, the decline may extend further through the sub-waves of wave 5, implying continued selling pressure in the medium term. ⏳ In the near term, we may see the formation of wave 4, which could take a corrective form such as a sideways pattern (triangle or flat). A break of a key level would confirm continuation of the downward move. πŸ”‘ πŸ“Š Monitoring price action developments remains essential to determine the next moves. #USDJPY #USDJPYTrading #Forex #ElliottWave #Bearish #SmartWedgeTrader #ForexTrading #TradingView #WaveCount #YenStrength #ToTheBottom