December Milk is building out an interesting uptrend. Next downside target 16.67. There is a massive support line at 16.70 which should help in keeping milk up, but there is always a potential this could all fall apart.
USDJPY Butterfly and Cypher Pattern
110.40 is the Bullish Butterfly Completion Point:
Buy from 110.40, SL : 110.18
TP 1: 111.00
TP3 : 111.78
If TP3 is hit, Bearish Cypher Pattern complete and
we may consider to short USDJPY at 111.78
Complimenting our AUDUSD Elliot Wave analysis suggesting we may be about to enter into a correction on this pair, we also have the pair having recently completed a large harmonic butterfly pattern on the daily chart. It is of note that although the pair traded for a short time above the completion level, it did not manage to close above there on the daily chart, ...