Intraday Elliottwave Analysis: USDJPY, 1st target met

USDJPY break higher to 111.00 level.

Unfortunately missed the final leg higher.

From 104.56, it is a textbook 5 wave up.

If 5=1, the target should be 111.09.

Above here, 111.70/112.02 should be next level to watch.

Daily support      Levels: 110.71 110.69 110.57 110.45 110.23

Daily resistance Levels: 110.95 111.05 111.21 111.30 111.61


Intraday Trade Idea:

Sell Latentinterest Order:  111.21

Buy Latentinterest Order: 110.69



We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free

Views are my own, not trading recommendations.