EverythingForex

SPECIAL EDITION DAILY UPDATE

FX:USDJPY   U.S. Dollar/Japanese Yen
1510 10 27
I am posting this here for all to benefit. I release Daily Updates and Weekly Updates as scheduled below to all registered members. Access is by member level. Due to posting restrictions here, links to member posts available on the website are disabled in this post. If you want to access those posts, you'll need to go to the website to get them. I WILL NOT be posting these here on a Daily basis. It is A LOT of work to do so I hope it is appreciated!

SPECIAL LIMITED EDITION FREE DAILY UPDATE: From time to time, I will release a special daily update to ALL members. This is an example of one. It will include updates on ALL traded pairs and commodities although with limited charts. Paid member updates come with detailed charts. Other than that, I will release scheduled below.

25th May Weekly Wrapup & Updates
USDJPY moved higher and actually broke the upper TL but then broke back down. Still looking for it to complete the bat. We are SHORT in this pair and in profit. See this new post on my alternate bullish wave count that I am now seeing as the correct one for USDJPY: (F) USDJPY: Alternate Bullish Wave Count Shows Higher Prices In Short Term (No subscription required)
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AUDUSD did nothing today. Just sideways. Still waiting for it to move higher. But can still drop again once more before heading higher. We are LONG on this pair and in profit. See my recently posted re-analysis on AUDUSD: (F) AUDUSD: Catch A Falling Knife? You Betcha! And It Is Falling For Sure! (Free post. No subscription required)
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USDCAD made a nice drop today. Now headed lower. We are SHORT in this pair and in profit. See my recent post: (F) USDCAD: The Long-Awaited Reversal Has Arrived! (Free post. No subscription required.)
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GBPUSD moved up and over that B point line resistance but stalled right after. That probably completed the wave (i). Now looking for the wave (ii). We closed our LONG positions for a nice +750 pips profit. Now we are SHORT this pair for a retrace but will be watching very closely for the end of wave (ii) so we can catch the wave ( iii             ). See my special post on this pair about its' outlook pre-Brexit: (F) GBPUSD: The Storm Before The Storm? Pre-Brexit Vote Analysis. (Free post No subscription required.)
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EURUSD             did nothing of significance happened today. More consolidation. Should still have another leg down. Waiting on this pair. We closed our SHORT trade on this pair for a nice quick +268 pips profit. See my updated Post-NFP post on EURUSD: (F) EURUSD: Post-NFP Trade Update: Fractals Predicting A Retrace. (Free post No subscription required.)
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USDCHF: Seems this pair is very stubborn but it finally began dropping as expected! We are currently SHORT on this pair and waiting for more drop. See my post on USDCHF             for details: (B) USDCHF: Completed Ending Diagonal Leads To Massive Reversal. But Long Term Is Down. (Basic subscription required. Click here to subscribe.)
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NZDUSD: Completed the ED today. We are now LONG on this pair because of the completed ED. See my post on this pair and how to make sense of it: (B) NZDUSD: Preparing For A Fall.... (Basic subscription required. Click here to subscribe.)
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Comment: PREMIUM UPDATES: Usually available ONLY to Premium members

GBPJPY has really rewarded us well this month! We have closed both the LONG trades now for a very nice profit of nearly +4000 pips! Hope you got a piece of that at least! But now that it has reached the expected upper TL, it has stalled as expected and is now retracing back down in what should be a wave ii. We will be watching closely for this wave ii to end and BUY the wave iii. We are currently SHORT on this pair and in profit again.

See my recent FULL analysis post on this pair for details: (P) GBPJPY: Don’t Take Your Eyes Off The Big Picture! and also a recently posted Trade Update: (F) GBPJPY Trade Update: +950 pips And Going! What To Watch For Next. A Lesson In Reading PA. (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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EURJPY today made a low below a MAJOR SR zone and then broke back above it. But now has broken back down. We are now LONG on this pair and will be looking for the reversal for a MAJOR MOVE higher. See my recent analysis post on this pair for details: (P) EURJPY: MAJOR Trend Change Can Be Underway! (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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NZDJPY is swinging back and forth. At the moment, I don't have any confidence in the direction of this pair. Will be waiting to see more PA to see what is what. See my recent FULL analysis post on this pair for details: (P) NZDJPY Monthly FULL Analysis: Is It About To Break Clear Of The Noise? (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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AUDJPY: It is working to complete this ED and is now dropping to complete the leg E of the ED. We closed our LONG positions on this pair for a nice quick profit of +228 pips. Now will be waiting to see the leg E complete before looking for a LONG trade. See my just released FULL ANALYSIS post on AUDJPY: (F) AUDJPY FULL Analysis: Large, Wide Consolidation Zone Maybe About To Break! (Free post No subscription required.)
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USOil continues inching up towards $50 as we predicted it would. It very likely will get there and may actually exceed it with a strong spike up. We are currently LONG on this pair and have already pocketed +264 pips on it.
See my recent FULL analysis post on this pair for details: (F) USOil FULL Monthly Analysis: Strong Bullish Signal Could Lead To Higher Prices (Free analysis. No subscription required.)
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Comment: ADDITIONAL MARKETS (these are markets I follow that may vary in coverage)

]GBPAUD: It is just not giving up on the bull trend! It slowly inched higher again today! We are SHORT in this pair and still waiting on it to reverse.
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XAUUSD (Gold): DROPPED like a rock and completed the POTENTIAL Bat. Now expecting a retrace back up. We went LONG on the completed Bat and in profit.
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Comment: Reposting the PREMIUM Updates:

PREMIUM UPDATES: Usually available ONLY to Premium members

GBPJPY has really rewarded us well this month! We have closed both the LONG trades now for a very nice profit of nearly +4000 pips! Hope you got a piece of that at least! But now that it has reached the expected upper TL, it has stalled as expected and is now retracing back down in what should be a wave ii. We will be watching closely for this wave ii to end and BUY the wave iii. We are currently SHORT on this pair and in profit again.

See my recent FULL analysis post on this pair for details: (P) GBPJPY: Don’t Take Your Eyes Off The Big Picture! and also a recently posted Trade Update: (F) GBPJPY Trade Update: +950 pips And Going! What To Watch For Next. A Lesson In Reading PA. (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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EURJPY today made a low below a MAJOR SR zone and then broke back above it. But now has broken back down. We are now LONG on this pair and will be looking for the reversal for a MAJOR MOVE higher. See my recent analysis post on this pair for details: (P) EURJPY: MAJOR Trend Change Can Be Underway! (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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NZDJPY is swinging back and forth. At the moment, I don't have any confidence in the direction of this pair. Will be waiting to see more PA to see what is what. See my recent FULL analysis post on this pair for details: (P) NZDJPY Monthly FULL Analysis: Is It About To Break Clear Of The Noise? (Premium subscription required. Go here to subscribe: http://goo.gl/qRNGsF)
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AUDJPY: It is working to complete this ED and is now dropping to complete the leg E of the ED. We closed our LONG positions on this pair for a nice quick profit of +228 pips. Now will be waiting to see the leg E complete before looking for a LONG trade. See my just released FULL ANALYSIS post on AUDJPY: (F) AUDJPY FULL Analysis: Large, Wide Consolidation Zone Maybe About To Break! (Free post No subscription required.)
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USOil continues inching up towards $50 as we predicted it would. It very likely will get there and may actually exceed it with a strong spike up. We are currently LONG on this pair and have already pocketed +264 pips on it.
See my recent FULL analysis post on this pair for details: (F) USOil FULL Monthly Analysis: Strong Bullish Signal Could Lead To Higher Prices (Free analysis. No subscription required.)
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Comment: *DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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Comment: This is the Daily Update Release schedule. If you want these Daily Updates, you will need to register to my website and sign up for Email Alerts. I WILL NOT be posting these here on a Daily basis. It is A LOT of work to do so I hope it is appreciated!

The Daily and Weekly Wrapup & Updates will have three editions: a Free edition, a Subscriber's Edition (for Basic Package Subscribers) and a Premium Edition.

Free editions will include coverage on the Basic pairs that I cover. Subscriber's Edition will have same as Free Edition but with Subscriber-only detailed charts and Premium edition will also include markets that I cover for paid Premium subscribers. EFXSelect reserves the right to change or rescind this and any freely available resources at anytime without prior notice.

This Daily Wrapup & Updates will be published daily from Monday- Thursday. Friday Edition will be published on Monday morning (all dates/times are based on EST or GMT -4).

Daily Wrapup & Updates are just a brief overview on what the markets have done and what I think MAY happen in the near-term. These are not comprehensive analysis on the markets. So please use them as such.
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This post is legendary! Thanks!
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thanks. but this post is already outdated as it is a Daily update.
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InsideMarket EverythingForex
The value of it is massive even out-of-date. Great insights!
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It is appreciated by me. Really enjoy the analysis and commentary. Thanks.
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you're welcome!
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I hv a small question.... WHat does "ED' and "EED' means? I am not quite familiar with abbrevation. I would be greatful if there someone kind to tell me :)
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ED = Ending Diagonal EED = Expanding Ending Diagonal
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EUR good buy ... if it comes to the closing price of 121.5 there is a chance to continue to the ... 130 and then to 140 ???))) and then the dollar with the yen tumbled down ...
I'm waiting for a breakdown .. 108.5 or 110.5
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yes, maybe...if eurusd & audusd ready up??? or...
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NICE:)
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