Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
EURUSD has broken above the 1.19000 level for a downside invalidation count and extension upside in the 5th wave. We are targeting 1.2600 at least and are going long on a pullback against 1.2000. A confirmed break above 1.2100 is confirming the upside extension count.
USDJPY
Elliott Wave principle USDJPY expanding flat within larger ABC flat is still running and it seems to be in a 3rd wave of the impulsive wave lower. This is indicating a 103.20 as the key support for the invalidation of the pair upside continuation. We still don’t have a sustained break below 103.20 and a confirmed break above 104 would invalidate the downside count. The pair is on a path to completely invalidate the downside count by breaking above 105 and retesting it.
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