USD/JPY BULL WAVE Resumes! Elliott Wave Binary Options Analysis

The bigger picture for Binary Options in USD/JPY appears to be CONFIRMED Bullish, with long-term targets in the 113.00 price area.

USD/JPY appears to have just completed a Minor Wave C of a bigger Wave 2 correction. Wave 2’s likely termination point appears to be the 38.2% retracement of Wave 1, which coincides with the 161.8% projection of Wave C around the 100.712 area.

Major Wave C in the bigger picture appears to be unfolding as a Long Term Ending Diagonal, giving us further confidence in the 38.2% retracement of Wave 2 vs. Wave 1 of Major Wave C.

HIGH or CALL Binary Options hence have a higher probability of success (ending at 20-21:00 GMT), entry prices being carefully considered on the 1-Hour & 4-Hour timeframe before execution.

The chart below illustrates USD/JPY’s current decline in Wave 2, followed by a powerful resumption of the Bullish Trend – It is very likely that Minor Wave C is complete, having already retraced 161.8% of Minor Wave A.

Click The Binary Options Elliott Wave Chart Below To Expand:

USDJPY - Primary Analysis - Feb-11 1221 PM (1 day)

USDJPY – Primary Analysis – Feb-11 1221 PM (1 day)







Should USD/JPY continue to rise, it will be a reasonably impulsive powerful rise as Wave 3 almost always has a powerful course – Binary Options traders will stand to make better decisions when pursuing the price in this current uptrend.

Why Choose Us As Your Safest Binary Options Broker?

Audited Regulated BrokerTrading with Binary International offers traders the opportunity to not only utilize a Highly Advanced, Fast & Efficient Trading Platform to their advantage! Our Third-Party Software Programming Vendors also provide our traders with High Quality Tools, to assist them in their trading efforts on all timeframes.

Major Benefits for Binary Options Traders Also Include:

  • Trade Forex, Stocks, Indices & Commodities all in one account!
  • 100% Free Short-Term Trading Software for all new account holders.
  • Super Fast Execution, Super Fast Withdrawals – Guaranteed.
  • Trade 60second, 5/15-minute, 60-minute and Daily Binary Options & more!
  • Friendly, 24×7 Trader Support at your service!
  • Guaranteed Fast Withdrawals, Fast Execution & 24×7 Support!