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Friday, January 31, 2014

USD/JPY - Look for an acceleration lower upon a break below 102.09

USD/JPY

We are most likely in green wave (iii) lower, but we need a break below minor support at 102.09 to confirm that is the case, but a break below 102.09 will call for an acceleration lower towards 100.24 as the likely target for green wave (iii). However as long as support at 102.09 holds firm a more complex correction can not be excluded yet, but this scenario seems less likely.

3 comments:

  1. EWS

    Any Chance of an APPL update??

    Thanks for your work and have a great weekend!

    ReplyDelete
    Replies
    1. Hi Jeff M,

      I have posted an update of Apple.

      I great weekend to you too.

      Kind regards
      EWS

      Delete
  2. Hi EWS what you think about this my forecast?

    https://www.dropbox.com/s/ohsu2397ex4x06r/USDJPY.jpg

    ReplyDelete