Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
Has confirmed an upside five waves finished, and we are now in the 3rd wave of the downside impulsive wave of an ABC expanded flat long-term. We are close to a 3rd downside wave end here, and we could see a bounce of 1.12000-1.12500 zone, and we have it. Correction higher in the 4th wave could reach 1.15000 and it did. A confirmed rejection from 1.15000 is now required for the downside 5th wave continuation. Otherwise, a break above 1.15000 will invalidate a further downside below 1.1800 and would call for the 5th downside wave triggered and done already.
USDJPY
The pair has completely invalidated the downside count by breaking above 105 …
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