Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
Invalidation of the upside swing will come only in the case of a confirmed break below 1.15200 which we don’t have. Now only a break above the 1.17120 will lead to a continuation higher in the 5th wave or a confirmed break below 1.15200 will mark the 5 waves up finished already. We do expect a minor bounce from here to 1.1712 where it is expected to test a key 5th wave upside resistance.
USDJPY
The pair has completely invalidated the downside count by breaking above 105 …
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