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AUDJPY With a Textbook Development

“We should not be surprised, if the support level around 100.00 gives up.” This is the last sentence of a forecast called “The Bears Are Ready To Attack AUDJPY”, which we published on November 29th, when the pair was trading close to 101. Our expectations were based on the wave structure visible on the 30-minute…

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What To Expect From USDJPY In 2015?

The USDJPY pair is the one, which probably shone the brightest in the FOREX market during 2014. In the beginning of the year, the exchange rate was trading around 105. Twelve months later, it is more likely to finish the year close to 120. On the weekly chart below we will see where do these…

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The Bears Are Ready To Attack AUD JPY

In our previous analysis of AUDJPY we showed you the big picture outlook on this pair. Here you will see the latest details on an intraday basis. In Wednesday’s analysis there was a small chart, depicting that the recent decline from 102.84 to below 100.00 is impulsive. AUDJPY bottomed at 99.90. After that it recovered…

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AUDJPY: Is The Rally Over?

AUDJPY declined in five waves from 105.40 in April 2013 to as low as 86.30 four months later, but has been recovering ever since. Last week the pair went close to 103, but the bulls did not show enough persistence, which led to a sell-off below the 100.00 mark as of today. As always, what…

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USD JPY: Deeper Pull-Back Ahead?

The USD JPY foreign exchange pair has been in a strong uptrend. Earlier today it climbed to as high as 117.04, but reversed sharply to the downside after that. Is this pull-back set to extend? The chart below could help us form an opinion. In the Elliott Wave Principle‘s catalogue of patterns there is one called…

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EURJPY Has Probably Topped

GBPJPY and EURJPY tend to show a strong correlation in terms of price swings. This means their charts look alike quite often. Yesterday we gave you our forecast of GBPJPY, where the Elliott Wave Principle suggested the pair was forming a top. Now we will take a look at EURJPY to see if we can find any…

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GBP JPY: Reversal Ahead?

The bulls took control of GBP JPY in the middle of October. The recent rally began from 168 and now, less than a month later, the pair is trading around 184. Are the bulls getting exhausted or the uptrend is set to continue? As always, the Elliott Wave Principle will help us answer this question. It…

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GBPJPY two days ahead of the news

Today, on October 31, 2014, the Central Bank of Japan announced that it will expand its stimulus program in order to prevent deflation. After the announcement the other currencies rose sharply against the Japanese Yen. Most people would say that BoJ’s decision was the reason for this. That is why they have been waiting for it in order…

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GBPJPY performing nicely

A week ago, on October 22nd, we published an analysis, called “GBP JPY to regain positive bias”, saying that we expect the uptrend to resume soon. We thought so, because the 15-min chart of GBPJPY was showing a perfect impulse to the upside, followed by a correction and according to the Elliott Wave Principle, prices…

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GBP JPY to regain positive bias?

A five-wave impulse followed by a correction is what every Elliott Wave analyst is looking for. It seems that we have found one such pattern on the 15-minute chart of GBP JPY. You can see the impulsive wave structure of the advance from 168 to 173, as well as the corresponding retracement to the downside,…

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USD JPY: Expect a Pull-Back, Chapter 2

USD JPY dropped by more than 200 pips last week, but managed to recover almost completely. Is this a sign of the bull’s strength or maybe something else is waiting just around the corner? An important question to traders. “If this is the correct count, USD JPY should make a new high above 109.74, but…

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USD JPY: expect a pull-back

USD JPY has been in a strong uptrend for the last two months. Is it time for the bulls to take a rest? Traders may want to see what the probabilities show. Our job as analysts is to try to determine when the trend is most likely to reverse or make a pull-back. In order…

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