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USD Is Trading Higher Across The Board: USDJPY and USDCHF Wave Analysis

USDJPY is higher, trading in impulsive fashion so be aware of more gains after any short-term pullback. Based on latest structure and Fibonacci levels we could see a fourth wave retracement soon, back to around 119.70/119.90.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

Traders USD is showing gains across the board ahead of the US session, and I just noticed a five wave up on USDCHF. It looks like dollar trend might have started as a lot of USD pairs are pointing in to the direction of stronger US currency. On USDCHF we see wave (v) now of 1, so be aware of a short-term pullback in the next 24 hours before going even higher.

USDCHF 1h Elliott Wave Analysis

USDCHF 1-Hour Elliott Wave Analysis Chart

 


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