• 318 days Could Crypto Overtake Traditional Investment?
  • 323 days Americans Still Quitting Jobs At Record Pace
  • 325 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 328 days Is The Dollar Too Strong?
  • 328 days Big Tech Disappoints Investors on Earnings Calls
  • 329 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 331 days China Is Quietly Trying To Distance Itself From Russia
  • 331 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 335 days Crypto Investors Won Big In 2021
  • 335 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 336 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 338 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 339 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 342 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 343 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 343 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 345 days Are NFTs About To Take Over Gaming?
  • 346 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 349 days What’s Causing Inflation In The United States?
  • 350 days Intel Joins Russian Exodus as Chip Shortage Digs In
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 Elliott Wave Analysis: Bullish against 123.6

Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 124.46 and Minute wave ((x)) ended at 123.62. Minute wave ((y)) is in progress and also unfolding as a double three. Near term focus is on 125.42 – 125.68 to complete Minutte wave (w) of ((y)). Afterwards, pair should pullback in Minutte wave (x) of ((y)) in 3, 7, or 11 swing before turning higher again, provided pivot at 123.6 low stays intact. We don’t like selling the pair.

EURJPY 1 Hour Elliott Wave Chart

Back to homepage

Leave a comment

Leave a comment