Monday, 14 July 2014

USDJPY, the new jump

Hi Traders,

The USD JPY started a new uptrend to 105.43-105.70 and 110.68-111.52

TARGETS

likely: 105.43-105.70 and 107.00
possibly: 110.68-111.52
maybe: 113.63-115.14

ELLIOTT WAVES

In the weekly chart, daily chart and 4-hour chart the YEN completed the last triangle and just started the 5th-of-the-5th-of-the-5th, ie: the new uptrend.

See the 4-hour chart where the last wave down display 5 waves down and a final reversal pattern.





monthly chart - click to enlarge







weekly chart - click to enlarge







daily chart - click to enlarge






wave oscillator over the daily chart - click to enlarge








4-hour chart - click to enlarge









1-hour chart - click to enlarge 




No comments:

Post a comment

Hi Traders. Tell me if you agree or (politely) disagree.

Note: only a member of this blog may post a comment.