Thursday 5 September 2013

USDJPY new trend

Hi Traders,

USDJPY, now at 99.63,  finally broke the upper line of the triangle displayed in the daily chart and started the new uptrend which should take it to 105 and 122.

TARGETS

likely: 105.31
possibly: 120. 17
maybe: 122.30


ELLIOTT WAVES

The daily chart displays a nice a-b-c followed by waves 1 & 2. Wave 3 (upwards) just started.

ENTRY

The wave oscillator shows an imminent pullback in the 1-hour chart. Wait for that before getting in.



monthly chart - click to enlarge 







weekly chart - click to enlarge







daily chart - click to enlarge







wave oscillator over daily chart - click to enlarge







4-hour chart - click to enlarge







wave oscillator over 4-hour chart - click to enlarge







1-hour chart - click to enlarge







wave oscillator over 1-hour chart - click to enlarge




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