Browsing Category
USDJPY
USDJPY Bullish or Bearish Triple Zigzag?
The current USDJPY structure shows a completed intervening wave Ⓧ of the primary degree.
This took the form of a triple zigzag consisting of intermediate degree waves (W)-(X)-(Y)-(X)-(Z).
A new bullish impulse shows intermediate…
USDJPY: 102.85 Likely To Complete Triple Zig-Zag
USDJPY seems to be forming a bearish primary intervening wave Ⓧ. It is an intermediate triple zigzag (W)-(X)-(Y)-(X)-(Z).
The second intervening wave (X), which took a triangular shape, has recently completed.
Currently, the market is…
USDJPY Hints At Double Zigzag Completion
The USDJPY structure indicates a double zigzag of the primary degree. The last leg of this double combination is in development.
The bullish primary wave Ⓨ consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). Zigzag wave (W) is fully…
USDJPY On Double Zig-Zag Pattern
The USDJPY structure shows a corrective move, consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The 'three' wave pattern takes the form of a double zigzag.
We saw the completion of the intervening wave Ⓧ, which is also a double zigzag. Then, bulls…
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…
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,…
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…
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…