• 13 hours S&P 500 Officially In An Earnings Recession
  • 17 hours Miners Are Weathering The Trade War Storm
  • 20 hours UK Credit Card Interest Rates Are Skyrocketing
  • 2 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 2 days Is Fossil Fuel Divestment A Waste Of Time?
  • 3 days A Russian Billionaire’s Space Quest To Save Humanity
  • 3 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 3 days World's Largest IPO At Risk Following Drone Strikes
  • 4 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 4 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 4 days The Top Tech Stocks Of The Year
  • 5 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 6 days Why The Gold Rally Flatlined
  • 6 days The Uranium Sector Can’t Catch A Break
  • 7 days Upcoming Fed Meeting Has Investors On Edge
  • 7 days Global Gold Sector Outlines Responsible Mining Principles
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: 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

EURJPY Short-Term Elliott Wave Analysis

Revised short term Elliott Wave view suggests the decline from wave (W) at 141.05 is unfolding in the way of a FLAT A-B-C where wave A ended at 137.97, wave B ended at 140.67, and wave C of (X) is in progress as 5 waves and can reach to as low as 136.84 - 137.6. The internal of wave C suggests wave ((i)) ended at 138.92, wave ((ii)) ended at 140.63, wave ((iii)) ended at 137.66, wave ((iv)) ended at 138.76, and wave ((v)) is currently in progress lower towards 136.84 - 137.6 to complete wave (X) pullback.

We don't like selling the proposed wave ((v)) pullback. From 136.84 - 137.6 area, expect the pair to resume either to new high or at minimum bounce in 3 waves to correct the decline from 141.05 per Elliott Wave hedging idea.

EURJPY Short-Term Elliott Wave Analysis Chart
LargerImage

 


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