Preferred Elliott Wave suggests move up from 2/15 (118.09) low is taking the form of a (( w )) – (( x )) – (( y )) also known as a double three Elliott wave structure. 120.37 is equal legs of (( w )) – (( x )), pair is getting close to this level […]

USDJPY best reading of Elliott Wave cycles suggests pair is doing a triple three move which is an 11 swing Elliott wave structure from 118.09 (2/15) low. Area between 119.90 – 120.22 is expected to be tested to end this cycle before the pair pulls back in wave X. It’s not a good place to […]

Preferred Elliott Wave view suggests pair is doing a WXY structure down from 2/2 high. We have seen the end of 6th swing i.e. wave (( x )) of Y at 0.7348. A bounce in wave (x) is now expected to hold below this level for continuation lower toward 0.7221 – 0.7169 area to end […]

Preferred Elliott Wave view suggests pair is doing a WXY structure down from 2/2 high. We have seen the end of 6th swing i.e. wave (( x )) of Y at 0.7348. A bounce in wave (x) is now expected to hold below this level for continuation lower toward 0.7148 – 0.7233 area to end […]

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USDJPY broke sideways range to the upside last week. We think pair is ending an Elliott wave cycle from 2/2 low and also from 1/16 low. Sideways consolidation in USDJPY is popularly believed to be a bullish Elliott wave triangle but momentum indicators are not supporting the bullish triangle view, it could still be a […]