USDJPY 4H
Wave (iv) of ((c)) is in progress. The decline from 164.4 completed waves (i) through (iii), with (iii) terminating at 156.5, and the retracement since has unfolded as an a-b-c: wave a at 160.1, wave b at 158.2, and wave c now running.
Wave c should carry price into 158.571 to 160.633, the 0.382 to 0.618 retracement. Price at 159.153 sits inside that band already, so the terminus is likely at or just above the 0.618.
Wave (v) then completes wave ((c)) and Minor wave 4 at 153.4, with the 155.0 to 156.0 zone the first support on the way down.
Wave (iv) cannot enter wave (i) territory. A move above 162.2 invalidates the impulse within ((c)).Aug 20, 2026 6:56pm
USDJPY 4H
Wave (iv) of ((c)) is in progress. The decline from 164.4 completed waves (i) through (iii), with (iii) terminating at 156.5, and the retracement since has unfolded as an a-b-c: wave a at 160.1, wave b at 158.2, and wave c now running.
Wave c should carry price into 158.571 to 160.633, the 0.382 to 0.618 retracement. Price at 159.153 sits inside that band already, so the terminus is likely at or just above the 0.618.
Wave (v) then completes wave ((c)) and Minor wave 4 at 153.4, with the 155.0 to 156.0 zone the first support on the way down.
Wave (iv) cannot enter wave (i) territory. A move above 162.2 invalidates the impulse within ((c)).Aug 20, 2026 6:56pm
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Key Levels
Support0.382 retracement and the lower edge of the wave (iv) zone. Price holding above it keeps the bounce intact.
Resistance0.618 retracement and the upper edge of the wave (iv) zone, where the retracement should terminate.
Next Target0.236 level, the first support once wave (v) begins.
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