13May
Forex USDJPY Elliott Wave Charts 12 May 2020

Forex USDJPY Elliott Wave Charts 12 May 2020
Usd/Jpy 1 Hour Chart
Tuesday, 12 May 2020 at 13:116 GMT
USDJPY is coming lower, but in a slow corrective structure, which looks to be wave »iv«, so watch the potential support around 107.00 level, from where we may see another rally back to highs for wave »v«.

Usd/Jpy 4 Hour Chart
Tuesday, 12 May 2020 at 06:43 GMT
USDJPY started rallying from 105.98 level, suggesting that an Elliott wave ending diagonal in wave C of B is completed, and that a bullish reversal is here. We are now tracking a minimum three-wave recovery, so also be aware of temporary pullbacks; wave 2/B in particular. Also price is now approaching 108.03 bullish level, where a break would confirm a bullish continuation.

GET A TRIAL MEMBERSHIP HERE
$1 for a 20 Day Trial Membership to see all our fantastic Elliott Wave analysis for your self!
Forex USDJPY Elliott Wave, Forex USDJPY, USDJPY Elliott Wave, Forex, USDJPY, Elliott Wave,
About the Author
Related
Elliott Wave SP500 Technical Analysis Video: SP500 Elliott Wave: Wave 3 top in place and Wave 4 lowe...
Read More >
USD DXY stronger to 106 and everything else lower European Stock Market Elliott Wave Investing / Tr...
Read More >
S&P500 Expect support at 4500, but eventually expect the market to move through this Minor Level and...
Read More >
Stock Market Summary Elliott Wave (iii) of v) Expect market to push higher in line with the Elliott...
Read More >
Elliott Wave Technical Analysis - I'm looking at two counts, one with a low in place for the who...
Read More >
The SP500 continues to cling to 4000 and it will continue to try and break away from it but will be ...
Read More >
You need to login in order to comment