• 1 day How Taxpayers Are Bankrolling The EV Revolution
  • 2 days The Coronavirus Is Crushing China’s Car Market
  • 3 days Fighting For Survival In The Streaming War
  • 4 days Want A Job? Forget About A Bachelor’s Degree
  • 4 days Another Major Car Maker Is Backing Hydrogen
  • 5 days Are Americans Finally Sold On Soccer?
  • 5 days Is The Tech Bubble About To Burst?
  • 6 days Coronavirus Could Cost Tourism Industry $80 Billion
  • 6 days What Web Traffic Trends Can Tell Us About The World
  • 6 days Miners Face Greater Headwinds
  • 7 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 8 days Goldman Slashes Oil Price Forecast By $10
  • 9 days Tesla Raises $2 Billion In Share Selloff
  • 10 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 10 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 10 days How Hydrogen Could Become The Fuel Of The Future
  • 11 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 11 days This Gold Miner Just Increased Its Dividends By 40%
  • 11 days Airbnb IPO Under Threat As China's Economy Drags
  • 12 days The Infamous Equifax Hack Just Became A National Security Issue
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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