USD Is Trading Higher Across The Board: USDJPY and USDCHF Wave Analysis
USDJPY is higher, trading in impulsive fashion so be aware of more gains after any short-term pullback. Based on latest structure and Fibonacci levels we could see a fourth wave retracement soon, back to around 119.70/119.90.
USDJPY 1h Elliott Wave Analysis
Traders USD is showing gains across the board ahead of the US session, and I just noticed a five wave up on USDCHF. It looks like dollar trend might have started as a lot of USD pairs are pointing in to the direction of stronger US currency. On USDCHF we see wave (v) now of 1, so be aware of a short-term pullback in the next 24 hours before going even higher.
USDCHF 1h Elliott Wave Analysis