Elliott Wave Analysis of USDJPY – May 29th, 2023
USDJPY surged last week as expectations for another 25 bps rate hike by the Fed increased and the BOJ keeps its ultra-loose policy. Is this the right time to join the bulls, though? Read in our latest Elliott Wave analysis.
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GBPUSD and the Fibonacci magic
GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than a month, bottoming at 1.6460...
GBPUSD and the Fibonacci magic
GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than...
EURUSD still on schedule for a crash
Bulls are getting more and more excited about EURUSD as it is getting closer to the 1.40 mark. But if we want to draw...
EURUSD still on schedule for a crash
Bulls are getting more and more excited about EURUSD as it is getting closer to the 1.40 mark. But...
AUD/USD, ending diagonal?
Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C of a correction or as...
AUD/USD, ending diagonal?
Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C...
GBPJPY, from large to small
GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott Wave Principle has taught us...
GBPJPY, from large to small
GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott...
Be careful with USD/JPY
USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough of a reason to start...
Be careful with USD/JPY
USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough...
USDCAD is forming a triangle
The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which suggests that USDCAD is forming...
USDCAD is forming a triangle
The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which...
GBPUSD could provide two opportunities
In our opinion GBPUSD could provide two opportunities. The first one is to sell. On the 15-minute chart we have to wait for wave...
GBPUSD could provide two opportunities
In our opinion GBPUSD could provide two opportunities. The first one is to sell. On the 15-minute chart we...
USDJPY, still bearish in the long term
Not many changes since our last post on USDJPY, except the better entry, which we now have for a long-term position. On the 4-hour...
USDJPY, still bearish in the long term
Not many changes since our last post on USDJPY, except the better entry, which we now have for a...
EURUSD. A rare pattern. Will it work out now?
EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New lows and new highs”, is...
EURUSD. A rare pattern. Will it work out now?
EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New...
USDJPY not as healthy as it seems
A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the fifth wave truncation ended. The...
USDJPY not as healthy as it seems
A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the...
AUDUSD to finish an expanding flat
It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we will have a complete expanding...
AUDUSD to finish an expanding flat
It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we...
You better cover your shorts on EURCHF
The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts a complete 5-wave impulse to...
You better cover your shorts on EURCHF
The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts...
USDJPY, “The Falling Star”
“USDJPY will reach 115.00 in the first couple of months of 2014” -Deutsche Bank-. Well, we at Elliott Wave Markets think that we will not...
USDJPY, “The Falling Star”
“USDJPY will reach 115.00 in the first couple of months of 2014” -Deutsche Bank-. Well, we at Elliott Wave Markets...
EURUSD long-term perspective
EURUSD has been very stubborn in its attempt to hit the 61.8% Fibonacci level twice. It looks like this effort is going to be...
EURUSD long-term perspective
EURUSD has been very stubborn in its attempt to hit the 61.8% Fibonacci level twice. It looks like this...
EUR GBP Cross Rate
Both EUR and GBP look weak against the US dollar, but which one of them is weaker, compared to the other? There are two...
EUR GBP Cross Rate
Both EUR and GBP look weak against the US dollar, but which one of them is weaker, compared to...
EURUSD: bears again
Despite all new highs, which EURUSD recently made, this pair remains bearish. Expect a reversal to the downside from that 61.8% Fibonacci level.
EURUSD: bears again
Despite all new highs, which EURUSD recently made, this pair remains bearish. Expect a reversal to the downside from...
Two perfectly looking setups ahead of FOMC
EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has...
Two perfectly looking setups ahead of FOMC
EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave...
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