• 753 days Will The ECB Continue To Hike Rates?
  • 754 days Forbes: Aramco Remains Largest Company In The Middle East
  • 755 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,155 days Could Crypto Overtake Traditional Investment?
  • 1,160 days Americans Still Quitting Jobs At Record Pace
  • 1,162 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,165 days Is The Dollar Too Strong?
  • 1,165 days Big Tech Disappoints Investors on Earnings Calls
  • 1,166 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,168 days China Is Quietly Trying To Distance Itself From Russia
  • 1,168 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,172 days Crypto Investors Won Big In 2021
  • 1,172 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,173 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,175 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,176 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,179 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,180 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,180 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,182 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USDJPY: Two Elliott Wave Counts Pointing Higher

Count #1

USDJPY is moving sharply higher since the NFP report. Pair is now above 99.40 so it looks like price is moving up in third leg towards 100.60/70 region after recent retracement back to 99.00 area was just a small correction of wave 3. If our primary count is correct then pair must accelerate sharply to the upside as we expect wave there of three, typically the strongest wave.

USDJPY 4-Hour Chart

Count #2

If pair will turn sharply bearish from any reason and maybe closed on daily basis beneath 99.00 then it may be worth it to keep on this alternate bearish count.

USDJPY 4-Hour Alyernate Elliott Wave Count Chart

 


Written by www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment