Tuesday 11 March 2014

EURGBP & USDJPY

Hi Traders,


Here is a couple of nice setups supported by a trigger of the wave oscillator.

Both EURGBP (now at 0.8333) & USDJPY (now at 103.35) should start a nice uptrend. The former to 0.8549-0.8575 and the latter to 106.81.

EURGBP

ELLIOTT WAVES

The EURGBP started the 5th of the 5th with a 1-2 (in green) on a very large scale (major waves 1-2-3-4 started in May 2000 at 0.5682).

TARGETS

likely: 0.8549-0.8575
possibly: 0.8575
maybe: 0.9254



EURGBP daily - click to enlarge




EURGBP: wave oscillator overimposed to a daily chart - click to enlarge



USDJPY

ELLIOTT WAVES

The USDJPY started the 5th of the 5th with a 1-2 (in green).

TARGETS

likely: 105.43-105.83
possibly:106.81-107.33
maybe:108.44-108.71


USDJPY daily - click to enlarge





USDJPY: wave oscillator overimposed to a daily chart - click to enlarge




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