Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
EURUSD is finishing the B in a running flat correction within the 3rd impulsive decline long-term by testing and being rejected by 1.1980 again. A break below the 1.17500 is needed for confirmation which we don’t have. The C should bring a break below 1.08000 for a downside continuation and a finish of 3rd wave. Invalidation of the count will come on a break above 1.19000. and would mean this is 3rd wave correction.
USDJPY
Elliott Wave principle USDJPY expanding flat within larger ABC flat is still running and it seems to be in a 2nd wave of the impulsive wave higher. This is indicating a 103.20 as the key support for the invalidation of the pair upside continuation. We still, don’t have a break below 103.20, although is on a test for invalidation of the 3 rd wave to the upside. A confirmed break above the 106 is required for the upside extension and a test of 3rd wave beginning confirmation 109.500.
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