Wave (( X )) low appears to be in place at 93.07 and wave ( b ) is taking the form of a triangle which is valid above 93.80. While above 93.80 and more importantly 93.07, expect more upside in the instrument toward 96.21 – 96.78 from where we could see another 3 wave pull […]

Wave (4) is thought complete and rally from the low is completing an impulsive structure as expected. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like selling the instrument and if pull back after […]

Wave (4) is thought complete now while above 2.57%  we expect another high to 2.72 – 2.74% to complete wave (( v )) of 1. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like […]

USDJPY sideways consolidation continues which surely has the look of  a triangle. It remains to be seen what sort of a triangle it would prove to be. Our strategy remains unchanged to buy the dips in 3, 7 or 11 swings [jwplayer mediaid=”129356″]

Wave (( b )) is in place at 1.4510. Wave ( a ) appears to be a 5 wave move. Expect a corrective pullback toward 1.4581 – 1.4602 from where the pair should turn higher toward 1.4770 to complete a 7 swing structure up from 1.4371 low.  Hourly cycles are positive so we don’t like […]