Elliott wave Analysis: USDJPY Update
|As expected, USDJPY is finally turning lower, which more and more looks like it's a wave »iii« in play after that projected leading diagonal in wave »i« from the highs. However, as said below, US stocks market can see a recovery, which may cause a small pullback on USDJPY before a continuation to the downside, but in any case we remain bearish!
USDJPY, 1h
Interested in active FX Elliott Wave labeled charts on a daily basis. Now its your time; we have Limited Offer; get a 14 day trial for 1€.
Check our website www.ew-forecast.com for more details.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.