• 5 hours The Investment Sector Defying A Global Pandemic
  • 6 hours Face Masks Become The Key To Economic Recovery
  • 10 hours Impact Investing Remains Strong Despite COVID-19 Market Downturn
  • 12 hours Global Stocks Are Soaring On Fresh Vaccine Hopes
  • 14 hours Rethinking Mining: A $10 Trillion Opportunity
  • 1 day Smart Investors Are Betting On This COVID-Proof Industry
  • 1 day Disney’s Digital Pivot Could Be Its Saving Grace
  • 1 day What Does Tesla's Million-Mile Battery Mean For Green Energy?
  • 2 days U.S.-China Tensions Are Reaching A Boiling Point
  • 2 days Gold Remains Strong Amid Increasing Economic Uncertainty
  • 2 days Morgan Stanley And Goldman Sachs Are Betting Big On This Budding Industry
  • 2 days Global Corporate Debt Soars To $9 Trillion
  • 2 days The Fed’s Slippery Slope
  • 2 days Precious Metals Pulled Ahead Of The Pack In The First Half Of 2020
  • 2 days Tesla Faces $20 Billion In Short Interest
  • 2 days China's Economic Recovery Remains Tepid
  • 3 days Silver Inches Closer To $20
  • 3 days The Secret Life Of Lithium
  • 3 days The Pandemic Proof $53 Billion Industry Wall Street Can’t Ignore
  • 3 days Will Gold Hit $2,000?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 Short Term Elliott Wave: Looking for 3 Waves Pullback Before Turning Higher

Best reading of Elliott Wave cycles suggests that cycle from 8/18 low is unfolding as 5 waves where wave (3) ended at 105.53 and wave (4) ended at 102.53. Wave (5) has resumed higher and internal of wave (5) is unfolding as a zigzag where wave A has enough number of swing and extension to be called completed although a marginal high can not be ruled out towards 104.78 - 105.08. Once wave A is complete, expect a wave B pullback in 3, 7, or 11 swing to correct cycle from 11/3 low before pair resumes higher again towards 106 - 108 area.

Japanese Yen Short-Term Elliott Wave Analysis Chart
Larger Image

 


At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

 

Back to homepage

Leave a comment

Leave a comment