• 11 hours Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 1 day Is Tech Billionaire Peter Thiel Done With Trump?
  • 2 days Musk Takes To Twitter To Troll The SEC
  • 3 days Lunar Mining May Commence As Early As 2025
  • 3 days Immigration Will Go Bust Without $1.2B Bailout
  • 4 days The Economics Of The Space Race
  • 5 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 5 days How Much More Cash Can Uber Burn?
  • 6 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 6 days EU-U.S. Trade Relations Are Deteriorating
  • 6 days Over 184 Companies Have Bailed On Facebook
  • 7 days BP Sells Petrochemical Business For $5 Billion
  • 7 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 7 days E-Commerce Explodes As Boomers Go Digital
  • 8 days Major U.S. Cities Are Turning To Renewables
  • 8 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 9 days How Are Low Car Sales Impacting The Metals Market?
  • 9 days Are Gold Stocks Still Undervalued?
  • 10 days Singapore's $3 Billion Oil Trading Scandal
  • 11 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
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…

  1. Home
  2. Markets
  3. Other

EURUSD and USDJPY Intraday: Elliott Wave Analysis

USDJPY surprised me this week as price made much deeper downward move than I expected today. However, despite lower level my view did not change much. I still think that bulls will be stronger this week, but looks like that we will just need to wait more time. I am looking at a triangle in wave B that is now in final stages. Ideally wave (e) will find a support around 119.80 in the next few sessions.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

EURUSD is turning down from 1.1210 area where pair hit resistance line that suggests further weakness in sessions ahead. In fact, a leg down from 1.1295 last week was made in five waves so bears should stay strong and probably took out 1.1100 this week. We will stay bearish on EURUSD as long as 1.1295 is in place.

EURUSD 30min Elliott Wave Analysis

EURUSD 30-Minute Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register
Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> http://goo.gl/0KctEr

 

Back to homepage

Leave a comment

Leave a comment