Commodity Prices

Gold •202 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	965.60	-5.20	-0.54%
WTI Crude •10 mins	75.84	+0.01	+0.01%
Gasoline •14 mins	2.086	+0.001	+0.07%
Ethanol •202 days	2.161	+0.000	+0.00%
Silver •202 days	30.82	+1.16	+3.92%

Silver • 202 days	30.82	+1.16	+3.92%
Copper • 202 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	79.32	+0.03	+0.04%
Natural Gas • 10 mins	3.726	-0.030	-0.80%
Heating Oil • 10 mins	2.566	+0.008	+0.29%

Headlines

587 days Will The ECB Continue To Hike Rates?
587 days Forbes: Aramco Remains Largest Company In The Middle East
589 days Caltech Scientists Succesfully Beam Back Solar Power From Space
989 days Could Crypto Overtake Traditional Investment?
994 days Americans Still Quitting Jobs At Record Pace
996 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
999 days Is The Dollar Too Strong?
999 days Big Tech Disappoints Investors on Earnings Calls
1,000 days Fear And Celebration On Twitter as Musk Takes The Reins
1,002 days China Is Quietly Trying To Distance Itself From Russia
1,002 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,006 days Crypto Investors Won Big In 2021
1,006 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,007 days Food Prices Are Skyrocketing As Putin’s War Persists
1,009 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,010 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,013 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,014 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,014 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,016 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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…

More Info

Contact Author

USDJPY: Two Elliott Wave Counts Pointing Higher

By Gregor Horvat - Nov 14, 2013, 6:27 AM CST

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