Mon, Aug 02, 2021 @ 06:18 GMT
HomeContributorsTechnical AnalysisElliott Wave Intra-day Updates: USD/JPY And AUD/JPY

Elliott Wave Intra-day Updates: USD/JPY And AUD/JPY

USDJPY is testing the upper side of a corrective channel so there is a chance for a red wave C) to be in progress to new low of the month. At the same time, this may put some downside pressure on JPY crosses as well, AUDJPY in particular where I anticipate wave E to complete a triangle. This AUDJPY can actually be a very nice long opportunity after a complete path, if at the same time, 10 year US yields will start turning higher.



Elliott Wave Financial Service
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading

Risk/Reward Ratio

Getting What You Really Want

Demo Trading vs. Live Trading

Risk and Reward