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 […]