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USD/JPY
We are currently in wave 2 of a new impulsive thrust out of symmetric triangle. Once this wave 2 ends we should see a very powerful rally higher towards 103.95, but we need a break above minor resistance at 99.98 to confirm that wave 3 higher is developing. As long as resistance at 99.98 protects the upside we could see a slightly deeper correction towards 98.12 before wave 3 will be ready to take of.
I agree with your analysis. We are going higher but we have to finish this meandering first. The next move up should be powerful
ReplyDeleteThanks for your analysis
Hi EWS
ReplyDeleteAs you said eu has broken through 1.3450 level do u consider going long for a test of 1.3750 recent high or will wait for goimg short below 1.2745 only
please guide if u still persists with your wave counts of eur and chf
my sincerest regards
Hi Aman,
DeleteThe break above 1.3450 has invalidated the call for 1.2745 and we should expect a new test of 1.3711 and if broken, that would open a window for a continuation higher towards 1.4398.
Kind regards
EWS
A eurusd so strong is not good for european economy!Maybe BCE should make intervention for euro not reach that high levels
ReplyDelete