USDJPY UPDATE II : Correction unfolding

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jun 13, 2015 10:10 AM

On the Daily chart we see a correction unfolding in black wave (4), that already reached the fibo. level 0.5 of previous black wave (3). After the correction in black wave (4) is completed, price could turn higher.

USD (US Dollar)Elliott Wave correction

Comments

beamer

⋅ Jun 14, 2015 4:05 AM

I'm glad that we share the same vision here :D

DanV

⋅ Jun 13, 2015 5:34 PM

Yes I could see final swing to complete the bullish cycle from 2012 low regardless of whether it is 5 wave move of double zigzag in the form of WXY.

The top could be very significant with complete reversal or at least 50% retrace. Thanks for your chart

AristotelCostel

⋅ Jun 27, 2015 9:18 AM

I agree with this view. I am long on this one, target 129.
April 4th 2.bp.blogspot.com/-DIxRLjjofWo/VSKyLu4xvII/AAAAAAAAA-8/Pwk_IpTMqpg/s1600/USDJPY_4aprilie2015.png
Mai 30th 2.bp.blogspot.com/-Jwg-Yl6ShXk/VWn8ItyKxoI/AAAAAAAABN4/xVq7xDtQQI8/s1600/USDJPY_30mai2015.png
June 14th 4.bp.blogspot.com/-ghaBlv84_xQ/VX2r1w9wueI/AAAAAAAABOs/eHFJTHdFzL0/s1600/USDJPY_14iunie2015.png

chessnut

⋅ Jun 21, 2015 7:38 AM

I mostly agree but I think that this triangle is actually an example of an e-f-g triangle and that the thrust could actually be done.

UnknownUnicorn18331

⋅ Jun 14, 2015 11:53 AM

Nice

No_more_Post

⋅ Jun 14, 2015 10:20 AM

always nice ,Thanks

IvanLabrie

⋅ Jun 13, 2015 12:10 PM

Was thinking along those lines, same with the Nikkei. It rallied too much to be the actual top yet, and then usdjpy started looking like a zigzag down. Wouldn't go long here though.

ew-forecast

⋅ Jun 14, 2015 8:25 AM

You're welcome. We are happy to share our views.