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
Global markets are looking at a possible top in place, that said we dont have an impulse wave down o...
Read More >
Most stocks are in a corrective rally that is about to top Stock Market Investing: SP500, AAPL, AMZN...
Read More >
Strong USD lower Iron Ore and Copper etc. ASX200 CBA BHP RIO FMG NCM Gold Lithium Nickel Copper DX...
Read More >
Elliott Wave SP500 Technical Analysis Video: Overview: Long Term Elliott Wave count SP500 (SPX) Elli...
Read More >
If the USD drops lower then Gold and Silver can make the next leg higher. Natural Gas is another com...
Read More >
Stock Market Summary Elliott Wave In most markets, I'm seeing Wave iv) completing and next is Wa...
Read More >
You need to login in order to comment