Pair has extended the move lower which is best labelled as a triple corrective structure. While below 1.4310 expect a test 1.4123 to complete wave X before the pair turns higher again. We don’t like selling the pair at such a late stage in the cycles.

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 […]

Pair made a marginal new low before making a strong move to the upside. We have not yet broken 1.4347 – 1.4370 zone but there is enough number of swings in place to call wave X completed. Thus, we expect higher price as price stays above 1.4187 low.

Wave X is thought to be complete . Expect resistance between 99.86 – 100.26 to reject for completion of wave (( b )) and further losses in the pair.