Seems that USD/JPY pair is making a 12345 Elliot wave's last impule in February. Strong support @ ~112.6 which is Fib. 38.2% of second impulse (2)-(3). Expecting to go UP, but only up to a trend line formed from last years'
End of elliot wave formation, trend is going to reverse (short term) heading down to lower fib retracement 78.6%. Technical analysis can be confirmed by fundamental analysis if there are no surprise with the USD ISM and USD FOMC rate decisions.
Eurnzd has been making a very nice supercycle structure and is almost finished and ready for a large long impulse to the upside. Patience is key here, so watch it closely and don't forget about the bigger picture. Daily MACD and RSI divergence with a 5 wave structure close to finishing 4 Hour MACD Divergence 1 Hour MACD Divergence with 5th wave stopping...
pullback to .382 or .618 then on to 1.618 ... combined fib retracements/extensions and such as i don't have my notes atm. more to come. happy trading
Hi To All In my opinion corrective Wave 4 is still active A = 12345 Near to completion at 1205 B = ABC Still to come C = 12345 Still to come Plan ::: Short from 1205 till 1140 ( For B of wave 4 ) Long from 1140 till 1230 ( For C of wave 4 ) Wave 5 is Short from 1230 till 1085 /1055 This is a long term plan stay in contact I will be guiding on the way...