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

Is A Rally Unfolding?

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 an impulse Elliott Wave structure with extension where Minute wave ((i)) ended at 124.46 and Minute wave ((ii)) ended at 123.62. Minute wave ((iii)) is in progress as 5 waves. After a short term pullback in Minutte wave (iv), another leg higher still can be seen in Minute wave (v) to finish Minute wave ((iii)). Pair should then pullback in Minute wave ((iv)) before turning higher again. We don’t like selling the pair.

EURJPY 1 Hour Elliott Wave Chart


By Elliot Wave

Back to homepage

Leave a comment

Leave a comment