Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
AUDUSD
5 wave downside count (2nd wave in motion) is invalidated on a break above 0.7300 which we do have and we are in the UPTREND 5th after flat ABC correction wave finished so we are adding long trades against 0.7350.
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 it was on a test for invalidation of the 3rd wave to the upside. A confirmed break above the 106 is required for the upside extension and a test of 3rd wave beginning confirmation.
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