• 724 days Will The ECB Continue To Hike Rates?
  • 724 days Forbes: Aramco Remains Largest Company In The Middle East
  • 726 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,126 days Could Crypto Overtake Traditional Investment?
  • 1,131 days Americans Still Quitting Jobs At Record Pace
  • 1,132 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,136 days Is The Dollar Too Strong?
  • 1,136 days Big Tech Disappoints Investors on Earnings Calls
  • 1,137 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,138 days China Is Quietly Trying To Distance Itself From Russia
  • 1,139 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,143 days Crypto Investors Won Big In 2021
  • 1,143 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,146 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,146 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,150 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,151 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,151 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,153 days Are NFTs About To Take Over Gaming?
Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

USDJPY Elliott Wave Video February 28, 2015

USDJPY best reading of Elliott Wave cycles suggests pair is doing a triple three move which is an 11 swing Elliott wave structure from 118.09 (2/15) low. Area between 119.90 - 120.22 is expected to be tested to end this cycle before the pair pulls back in wave X. It's not a good place to chase the longs at current levels and as trend is still to the upside, we are not interested in selling either. Once wave W is over, we expect the pair to find buyers in the dips in 3, 7 or 11 swings as far as pivot at 2/15 (118.09) low remains intact. If this pivot gives up during proposed X pull back, then pair would look for equal legs down from 120.48 and would be expected to find buyers again as far as pivot at 1/16 low remained intact.

 


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.

 

Back to homepage

Leave a comment

Leave a comment