USD/JPY Revised Short Term Elliott Wave Forecast

Ville Vainio

June 3, 2015 @ 3:48 pm – USD/JPY moved higher today but a sharp decline erased most of those gains. My preferred count suggests one more minuette wave degree wave up before larger correction. at 126.3 minuette wave 5 would be equal in length with minuette wave 1 and that should act as one possible target for this to peak.

June 2, 2015 @ 4:59 pm – I have labelled this sharp decline as continuation of minuette wave 4 since the latest upwards move was in 3 waves. I am looking for one more upwards push to finish this first wave of minor wave 5.

June 1, 2015 @ 4:40 pm – USD/JPY decided to continue higher and I have altered my wave count to reflect this continuing trend. At 126.19 this minuette wave 5 would equal minuette wave 1 in length and that should act as one possible target for this minute wave 1 to peak.

_chartalt_

Source: vivai.co

Comments

comments