EURJPY Short-Term Elliott Wave Analysis

By: Elliottwave-Forecast | Wed, Jun 24, 2015
Print Email

Rally to 141.05 completed wave (W). Current revised short term Elliott Wave view suggests wave (X) pullback is unfolding in a double corrective structure W-X-Y. Wave W took the form of a FLAT structure A-B-C where wave A ended at 139.03, wave B ended at 141.03, and wave C of W completed at 137.94.

Wave X bounce from 137.94 was in a double corrective structure ((w))-((x))-((y)) where wave ((w)) ended at 140, wave ((x)) ended at 138.24, and wave ((y)) of X completed at 140.67. Wave Y of (X) is currently in progress towards 136.86 - 137.7. We don't like selling the proposed pullback. From 136.86 - 137.7 area, expect the pair to resume either to new high or at minimum 3 waves bounce to correct the decline from 141.05 per Elliott Wave hedging idea.

EURJPY 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.




Author: Elliottwave-Forecast

Elliottwave-Forecast (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

All Images, XHTML Renderings, and Source Code Copyright ©