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 wave 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 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 break below 103.20, although it is on a test for invalidation of the upside reversal.
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