Translate

Tuesday, May 29, 2012

Elliott wave analysis on USD/JPY - one more decline before up...


USD/JPY - The price-action since the 78.96 low has not been consistent with a new impulsive rally, instead it looks more like a b-wave triangle calling for one last decline closer to 78.33 before the complex correction since the 84.17 high is finally over.
Be ready to enter new long USD-positions upon this final thrust to the downside.

No comments:

Post a Comment