USDJPY trades in 5th impulse wave and can continue to rise

Hello traders, I want share with you my opinion about Japanese Yen. Watching the chart, we can see how the price has been moving up for some time. Reaching the level 137.75, the Japanese Yen made a deep correction to form the buyer zone, and continued to grow after a retest. Over time, the price formed the Elliott waves and continues to move up already for some time. The Japanese Yen broke through the level 135.65 (1st wave) and, after a small correction (2nd wave) retest of the current support level, and continued to rise. Not so long ago, the Japanese Yen, forming the 3rd wave of upward impulse, broke through the resistance area 137.50-137.80 and continued to grow. Now the price has made a small correction (4th wave) has decreased and after retesting the current support area, and continued to rise. The price is currently trading above the support area and can continue to rise. I think the Japanese Yen can form a 5th impulse wave and continue upward move. In that case, I decided to set the targets at level 138.75 and at level 140.00. Please share this idea with your friends and click Boost 🚀