Elliott Wave Analysis On 10 Year US Notes And USDJPY

By: Gregor Horvat | Thu, Oct 6, 2016
Print Email

10 Year US Notes

10 year US notes just fell to a new low, beneath September 13th with wave 5 shown on intraday chart which means that corrective bounce can be around the corner. Also, its less than 24 hours till NFP so market may slow down for corrections. That said, be aware of a three wave retracement, ideally back to 131.12 in the near-term.

10 Year US Notes, 1H

10-Year US Notes 1-Hour Chart


USDJPY

If 10 year is going to accomplish its bearish impulse, then USDJPY will also turn for a minimum three wave decline. We see pair in 5th wave also, while RSI shows strong divergence so we need to be aware of a turn. However, pair is in a strong run this week, so let's not be to quick and rather wait on broken trendline support before we may finally call an A-B-C correction. if pair will stay supported by a lower channel line then next level to watch is 104.31 from start of September.

USDJPY, 1H

USD/JPY 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

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