USDJPY Short-Term Elliott Wave Analysis

By: Elliottwave-Forecast | Tue, Mar 3, 2015
Print Email

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 but we think this level can be exceeded for a test of 120.79 - 120.96 area to end the cycle from 2/15 low. After that we pair to pull back in wave X and turn higher again. We don't like selling the pair and expect X wave pull back to find buyers in the dips in 3, 7 or 11 swings as far as pivot at 118.09 low remains intact.

USDJPY Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 


 

Elliottwave-Forecast

Author: Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017 Elliottwave-Forecast.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com