GBPJPY: The drop from 250 is in 3 waves to this point (A-B-C). However, the advance from 192.60 is choppy and could therefore be a 4th wave that will give way to a 5th wave that ends below 192.60. As ...

The AUD/JPY showed a bullish face between the beginning of May and the end of June. After touching the resistance level at 103.83 twice, it started to decrease to its old level at 97. If the market do...

The US dollar has had a dramatic impact on the wide currency market and the trading opportunities are clear. Not only are the DailyFX Analysts looking to the greenback-denominated AUDUSD and NZDUSD, b...

We maintain that a triangle is complete at 158.60. Is the triangle perfect? No, but real market patterns rarely are perfect. The rally from 158.60 (end of triangle) is in 5 waves but is small relative...

Under the preferred count, a triangle is complete at 158.60 (view a daily to see waves A and B). The rally that followed is in 5 waves but is small relative to the triangle, making it likely that the ...

Last week I wrote "If you're willing to allow for sizeable pullbacks, I would look to go long the AUDJPY at or near current market levels, placing max risk below a recent double-bottom at 101.50, with...

Under the preferred count, a triangle is complete at 158.60 (view a daily to see waves A and B). The rally that followed is in 5 waves but is small relative to the triangle, making it likely that the ...

The movement we see in AUD/JPY is very rare in volatile market phases like these. Since middle of May, there has been a very strong bullish development. A small recovery in June stopped around 101. Th...

The Australian dollar hit a 25 year high earlier this week. Even though the currency has retraced since then, DailyFX analysts expect the rally to resume. Read on to find out why: Aussie continues to ...

We had been looking for "the EURJPY to exceed 169.44 near term in order to complete a small 5th wave." The pair exceeded this level early this week and at least a correction is underway now. There are...

The Australian dollar hit a 25 year high, making it the best performing currency. Most DailyFX analysts are still bullish AUD. Given the divergence in growth, the AUD will probably perform best agains...

Over the past few weeks, the Japanese Yen has had a very mixed performance against the majors, which is why there are divergent views amongst the DailyFX team. Most of the analysts are looking for mor...

GBPJPY: As long as 219.30 is intact, we are treating the advance from 192.60 as a corrective 4th wave. Within the advance, the rally from 199.79 would equal the 192.60-208.94 rally at 216.13. A rally ...

The EURJPY should continue higher over the next several weeks and maybe longer. There are 2 bullish counts. One treats the decline from the 168.94 top as a completed A-B-C correction (truncated wave C...

The NZDJPY remains stuck in a choppy consolidation and probably will for some time. That is not to say that there will not be rewarding opportunities though. In fact, there are 2 counts that suggest t...

EUR/USD According to the daily chart, the pair has been going through choppy sessions with mixed trends for the past several trading days. However, the Bollinger Bands on the 4 hour chart are tighteni...

We wrote last week that “Ii a triangle is unfolding, then the EURJPY must remain below 167.73 (top of wave B).” That has not happened as the pair actually poked through that level today. This leaves u...

At the beginning of May, the EUR/GBP dropped down. Afterwards, the currency pair traded in a zigzag movement and rebounded twice from the resistance at 0.8032. We also could notice a higher level at t...

The AUD/JPY is still in its upward trend channel. The cross through the 100.51 level gave the currency a further long push as the pair had resisted crossing the level twice since the end of 2007. This...

If a triangle is unfolding, then the EURJPY must remain below 167.73 (top of wave B). A wave E decline needs to begin before 167.73. Watch the intraday charts closely for signs of a reversal. E waves ...

GBPJPY: The advance from 192.60 is wave 4 within what will probably be a 5 wave drop from 251.10. The minimum bearish objective is 1 pip below 192.60 (unless wave 5 ends as a truncation). A bearish bi...

The choppy decline since the October high at 91.42 may be a series of 1st and 2nd waves. Under this count, the NZDJPY needs to remain below 88.11 for a C wave decline that will eventually come under 7...