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USDJPY
USDJPY in Double ZigZag Pattern?
The current USDJPY structure suggests that we are near the end of the double zigzag. The intervening wave Ⓧ consists of intermediate sub-waves (W)-(X)-(Y).
Waves (W) and (Y) are complete, whereas wave (Y) is forming at the time of… Read More
USDJPY En Route to Last Triangle Leg
The cycle-degree USDJPY structure hints to a triangle pattern consisting of waves a-b-c-d-e.
Currently, in the final wave e, we expect to see a double zigzag Ⓦ-Ⓧ-Ⓨ.
The primary structure suggests that waves Ⓦ and Ⓧ are complete,… Read More
USDJPY Biased to the Downside
The descending channel starting January 3rd, 2017 suggests that the 106 round support is a critical intercession level of the center channel trendline and price.
For USDJPY to reach out to the said level, bears need a successful break of… Read More
USDJPY: Triangle or Zigzag?
The current USDJPY structure suggests that we have a triangle pattern. For now, it is moving higher towards wave e which is the last corrective move of the cycle degree pattern.
As part of a triangle, wave e is a corrective zigzag and… Read More
USDJPY Feels the Dollar March
The yen returned to its safe-haven status when the stocks around the world dropped substantially.
As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on… Read More
USDJPY: Bearish Impulse Could Be Completed Near 105.88
The current USDJPY structure points at a wave e cycle-degree triangle pattern that hints at a standard zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
The bearish move from the last swing high has taken a 5-wave structure, hence, we see it as… Read More
All Points to Stronger Dollar!
Dollar continues attracting investors as no other option seems to be offering a good payoff. Euro and yen are weakening on poor macros, whereas pound, despite the UK printing better numbers than the EU and Japan, is hanging on Brexit. With… Read More
USDJPY: 110.94 Could Complete Primary Impulse Ⓒ
The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves… Read More