Elliot Wave

USDJPY - Intraday - We look to Buy at 111.60 (stop at 111.30) Closed the day little net changed. Selling posted in Asia. There is no clear indication that the downward move is coming to an end. Previous resistance located at 112.13. The… Read More

Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1286, resulting in improved risk/reward. Read More

Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level. Read More

Possibly forming a bullish reverse Head and Shoulders pattern. A break of 1.1460 would confirm the outlook. Read More

A full AB=CD corrective formation takes the index to 22100, close to the possible right shoulder. We look to sell into rallies Read More

An Elliott wave formation locks to be complete to the upside. An AB-CD correction can also be noted. Read More

Looks to be forming a bullish reverse Head and Shoulders pattern. A break of 7090 and the measured move target is 7550. We have bespoke support at 6901. Buying dips at this level offers a sound risk/reward set up Read More

Highlights the cross stalling at the 161.8% extension level of 144.83 (from 130.70-139.43). We look for losses to be limited. Bespoke support is located at 142.30. Read More

Has the first wave higher now completed? We look to but into dips. Bespoke support is seen at 0.7000. This is just inside of the current 50% pullback level of 0.6990 (from 0.6748-0.7233). Read More