Wave B completed as a triangle and pair is nearing completion of wave (( a )). A pull back is soon expected which could reach as low as 100.63 – 100.88 from where pair should turn higher again. We don’t recommend selling the pair in any degree and like buying dips in 3, 7 or 11 swings after wave (( a )) completes.
$USDJPY (11.25.2013)
Forex
Get the Elliott Wave Trading Mastery Bundle — Free
100% FreeLearn how to read the markets with more structure using practical guides on:
- Elliott Wave rules and market structure
- Fibonacci levels and price targets
- 3, 7 and 11-swing patterns
- Forex, stocks, ETFs and crypto
- Technical analysis and risk management
Plus, get free market insights, educational emails, and our Chart of the Day to keep building your skills.
Start learning today — no cost, no card required.
Related Articles
Chart Of The DayForex
Elliott Wave View: Dollar Index (DXY) Double Three Rally Likely to Break Lower
The short‑term Elliott Wave view in the Dollar Index (DXY) indicates that the Index is...
Forex
Free Forex Signals: What They Are and How to Use Them Safely
Free forex signals look cheap until delay, missing stops, and IB incentives show up in...
Chart Of The DayForex
Elliott Wave Analysis: EURJPY Anticipating a Broader Correction Against the Latest High
EURJPY continues to present a clear risk of a larger‑degree correction against the cycle that...
