Nikkei futures decline from 14990 initially looked corrective but given the amount of extension in 3rd swing, we like the idea of an incomplete impulse. Expect a test of 13313 to complete wave 3 before we get a wave 4 pull back and a new low to complete a 5 wave drop from 14990 i.e […]

USDJPY mid-longer term cycles remain bullish when we view the recent pullback to be wave ( 4 ).  Either way, we remain bullish on the pair to continue to view dips as a buying opportunity [jwplayer mediaid=”100502″]

Wave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . While below 99.41 expect further weakness in the pair toward 97.56 (equal legs) to complete a corrective down cycle from 101.54. Further support comes @ 1.236 […]

Wave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . As the lower level holds, expect to see further losses in the pair toward equal legs (97.55) before it attempts to resume the rally. We are […]

Wave A is over and B wave pull back can reach as high as 2.65 before yields turn lower again in wave C toward 2.15 – 2.17% to complete wave (( B )). We don’t like selling yields into the proposed swing lower and strategy remains to establish long positions on dips.

Expect some further strength to complete a double corrective structure for wave X before the metal turns lower again. There is strong confluence of resistance between 3.25 – 3.27 and ideally price should stay below 3.35 but only a break of 3.42 would negate this wave count.