Tuesday, October 14, 2014

Elliott wave analysis - USD/JPY wave iv ended at 106.76. Look for a rally to 111.25

USD/JPY wave iv ended at 106.76. Look for a rally to 111.25 
With an almost perfect test of the 38.2% corrective target of wave iii at 106.81 and the bottom of blue wave iv of one lessor degree, the odds for wave iv being over are very higher and I will now be looking for a break above 107.50 to confirm the bottom of wave iv for a rally to at least 111.25 in wave v and possibly even higher to 112.31.
Short term only a break below 106.76 will delay the expected upside rally in wave v.

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1 comment:

  1. Great information, thanks for sharing. Elliott wave forecast is the thing who's graphs will change regularly, it will never remain constant.

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