FX:USDJPY   U.S. Dollar/Japanese Yen
156 8 24
ELLIOTE WAVE
Well done so far, but I don't think this was a 4th at all.
I think a terminal pattern concluded here, ending a yearly uptrend.
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IvanLabrie PRO IvanLabrie
EURUSD: Emerging 6 month uptrend

S&P500: Short setup

FXE and FXY: Carry trade unwind triggers longterm rally

USDJPY: Update

GBPJPY: This might be it...


It simply defies traditional Pretcher EW analysis (unless you squeeze a truncation into the count and it gets really complex if you do) -like in the AAPL chart, can't say that's a 4th correction...definitely a new impulse down.)
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thank you jvan for post I think so
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we were expecting the pair to visit the area between 117.5 and 116.5 in the previous analysis usd jpy ready for one push higher
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Wow I have the same wave count!
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Very nice, thank you for sharing!
+1 Reply
thanks hamzal for comment
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HamzaLeith manijeh.kazemi.33
You are welcome, I like your count and I have a similar forecast. Let us hope we will make some profit on this one.
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