Elliott Wave Forecast Team
ElliottWave-Forecast.com
We could finally see a pullback on USDJPY into a three wave retracement if we consider the latest wedge pattern in fifth wave, called an ending diagonal. We believe that sooner or later pair will make a deeper corrective set-back into wave (b) as illustrated on the chart.
USDJPY 1h Elliott Wave Analysis
AUDUSD remains bullish for the short-term view, where we expect wave (c) up towards 0.7440/80 in hours ahead. However, keep in mind that we are tracking only a corrective recovery, which means a temporary rise up in wave 4 which will send market down again once correction is complete.
AUDUSD 1h Elliott Wave Analysis
USDJPY 1h Elliott Wave Analysis
AUDUSD remains bullish for the short-term view, where we expect wave (c) up towards 0.7440/80 in hours ahead. However, keep in mind that we are tracking only a corrective recovery, which means a temporary rise up in wave 4 which will send market down again once correction is complete.
AUDUSD 1h Elliott Wave Analysis
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