Elliott Wave Analysis: USDJPY and SP500
USDJPY is making a pullback now, which we see it as a three wave set-back in wave 2 as mentioned this morning. Ideal support zone comes in at 113.80-114.30 from where we will expect a bounce, later today or maybe on Monday. Invalidation level remains at 112.55.
At the same time, we see S&P500 trading higher, now trying to push price out of a triangle, but still, 2273 remains more important for a confirmed breakout.