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USDJPY Elliott Wave

USDJPY Elliott Wave

tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave No change. USDJPY made a nice five-wave drop within wave 3 of a higher degree with a low at the 103.87 level. Current rally that is in play can be part of a three-wave correction within wave 4, which can look for resistance and a bearish continuation into wave 5 near the 109.49 level, level of a former swing high.

11/01/2019

    tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave USDJPY can be making a bigger, three-wave reversal from the highs with current recovery representing sub-wave C of B)/2). Sub-wave C can be an ending diagonal, meaning once completed a sharp drop in impulsive fashion may follow, once 112.9 level is broken.

    If from any reason USDJPY continues towards 114.60 then we will keep an eye on the alternate count, which still suggests an upcoming bearish turn, but from the 115.00 level.

    13/12/2018

      tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave No change. USDJPY made a five-wave drop from the 114.56 highs labeled as wave A)/1) as first leg of a bearish turn. This leg caused some sideways price action into wave B)/2) which can be completing a flat correction now. A flat correction is an A-B-C pattern that can look cause a strong drop in price, especially if pair goes impulsively below 112.00 region.

      29/11/2018

        tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

        30 October 2018 Elliot wave No change. USDJPY made a five-wave drop from the 114.56 highs labeled as wave A)/1) as first leg of a bearish turn. This leg caused some sideways price action into wave B)/2) which can be unfolding a flat correction. It's an A-B-C pattern that can take price once more back to 113.00-113.30 area from where we would expect a new but strong sell-off into wave C)/3).

        16/11/2018

          tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

          25 October 2018 Elliot Wave USDJPY made a five-wave drop from the 114.56 highs labeled as wave A)/1) as first leg of a bearish turn. This leg can be now retraced by a temporary correction as wave B)/2) that can look for resistance near the 113.00/113.25 area. Wave B) or 2) is a consolidation within a downtrend trend, meaning it represents a temporary pause. It can contain a A-B-C move back into ideal turning zone of 61.8% Fibonacci level. As such, we think that upside is going to be limited and that sooner or later bearish trend will resume.

          9/11/2018

            tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

            18 October 2018 Elliot Wave USDJPY made a five-wave drop from the 114.56 highs labeled as wave A)/1) as part of a reversal, which are now being retraced by a temporary correction as wave B)/2) that can look for resistance near the 113.00/113.25 area. Wave B) or 2) is a consolidation within a trend, meaning it represent a temporary pause. It can contain a simple A-B-C correction, and its ideal turning zone can be at the Fibonacci ratio of 61.8. Once we see a drop in five-waves, that is when the correction can be considered as finished and more weakness may follow.

            31/10/2018

              tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

              12 October 2018 Elliot Wave No change. USDJPY is making a nice turn lower, now unfolding wave A)/1) which may continue to 111.00 level where support can be seen. But sooner or later there will be a bounce into wave B)/2) corrective rally.

              25/10/2018

                tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                05 October 2018 Elliot Wave USDJPY is coming off the highs after touching the upper parallel line of an EW channel right at 261.8% Fib. extension level. We see price now retesting the lower trendline support which may give way, especially if we consider that pair has five waves up from Start of September. That said, a deeper retracement can be setting up here, but a daily close below red wave 4) swing is still needed for that to happen. A divergence on the RSI also suggests that bulls can be slowing down.

                18/10/2018

                  tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                  01 October 2018 Elliot Wave USDJPY is moving higher so it appears that this was not a big wave C up as part of a flat but rather already blue wave C within higher degree wave D that is part of a big triangle pattern. If we are correct, then more upside can be coming after red sub-wave 3) finds a top, and a new temporary pullback as wave 4) unfolds.

                  11/10/2018

                    tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                    25 September 2018 Elliot Wave No change.
                    USDJPY is moving higher, ideally still in wave C) that can be part of wave B if we consider the idea of a flat correction. As such, resistance around 113.00 is still very important, but we have to see a reversal soon and drop below the lower trendline support within wave C) to confirm a reversal.

                    2/10/2018

                      tradinglounge.comUSDJPY Elliot Wave Chart 1 hr

                      17 September 2018 Elliot Wave USDJPY remains bullish within wave C), away from 110.37, from where we need five subwaves up to complete the structure. Ideally bulls will slow down this year somewhere around 112.50/70.

                      25/09/2018

                        tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                        10 September 2018 Elliot Wave On USDJPY we have recognized a declining wedge pattern that can be a leading diagonal in Elliott Wave terms that completed wave A, so recent reversal up can now be corrective wave B which can take USDJPY much higher. We see sub-waves A) and B) completed so final leg C) can already be underway towards 112.16 area.

                        18/09/2018

                          tradinglounge.comUSDJPY Elliot Wave Chart 1 hr

                          18 September 2018 Elliot Wave USDJPY made a sharp decline at the end of last week after an impulsive five-wave rally, so we assume that it can be trading in a three-wave A-B-C corrective decline back to around 61,8% Fibo. retracement and previous wave 1 swing high at 110.53 level. Be aware of an intraday corrective recovery towards 111.43 area, before a drop into wave C.

                          12/09/2018

                            tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                            27 August 2018 Elliot Wave On USDJPY we see a declining wedge pattern that can be a leading diagonal in EW terms that completed wave A, so current reversal up is now corrective wave B which can be more complex and deeper than we firstly thought. Reason is sharp recovery from 109.74 that is acting impulsively.

                            5/09/2018

                              tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                              20 August Elliot Wave On USDJPY we see a declining wedge pattern that can be a leading diagonal in EW therms, so be aware of a limited downside. Ideally blue wave A will come to an end around 109.50/70 where price may turn up for wave B, back to 111.44.

                              30/08/2018

                                tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                                10 August 2018 Elliot Wave No change.Price has risen in three-waves from the 110.59 level, which can be labeled as a contra-trend reaction against the previous five-wave fall. We see this three-wave rally as wave 2) that shows first evidences of a completion, but still 110.76 must be broken to open room for 109.00.

                                23/08/2018

                                  tradinglounge.comUSDJPY Elliot Wave Chart 30 mn

                                  3 August 2018 Elliot Wave If we expect a recovery on 10Y US NOTE and a drop on US stocks, then we may consider a weakness on USDJPY, where we can count five waves down from highs, so this yesterday's rally should be treated as a correction. It's actually not so clear, but a valid bearish setup. However, we remain bearish as long as it's trading below 112.14 region. A break below 111.30 level can be very bearish!

                                  14/08/2018

                                    tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                                    27 July 2018 Elliot Wave USDJPY is currently dropping, confirming that a bigger, complex correction of wave D found a top at the 113.18 level and that a new, bigger, three-wave move is in play of a triangle. We specifically see sub-wave A of E unfolding its five-wave drop, with recent bearish leg from the highs representing sub-wave 1) of A. Sub-wave 1) is an impulse, which might have found a low at the 110.57 level so current intra-day rally can be already start of a corrective wave 2. Resistance for wave 2 can be around 111.38/112.00 region.

                                    8/08/2018

                                      tradinglounge.comUSDJPY Elliot Wave Chart 4 hr

                                      24 July 2018 Elliot Wave USDJPY is currently dropping, confirming that a bigger, complex correction of wave D found a top at the 113.18 level and that a new, bigger, three-wave move is in play of a triangle. We specifically see sub-wave A of E in play, which can once completed push price into a temporary pullback as wave B of E. All being said, support for the whole corrective wave E can in days ahead be seen at the 108.07 level.

                                      2/08/2018

                                        tradinglounge.comUSDJPY Elliot Wave Chart 1 hr

                                        17 July 2018 Elliot Wave USDJPY can be unfolding a three-wave recovery within corrective leg b rather than a triangle with current minor leg c looking for a temporary top and a reversal around the 112.82 area. A drop in impulsive fashion, and below the 112.22 level would confirm wave c of a bigger correction to be in play. Overall, this sideways price activity look more and more as a flat in wave iv) that can look for support near the 112.00/111.93 region.

                                        26/07/2018

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