Category Archives: USDJPY – Weekly

USDJPY

Bearish Outlook :

With respect to the leading expanding diagonal as Intermediate wave (A), turning the trend is still indicated well.

Any retracing back toward the range of 118-120, should be considered as a first portion of the corrective sequence of Intermediate wave (B).

USDJPY - Weekly

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USDJPY

Bearish Outlook :

With respect to the bearish diagonal (A), as a five-wave structure down of Intermediate degree, the early-June high should remains intact as the high extreme of the advance since November 2011.

Note : Following a trend by a leading diagonal in opposite direction, indicates a trend revarsal.

USDJPY - Weekly

USDJPY

Bearish Outlook :

With respect to an Intermediate-degree wave down, in a five-wave structure, the early-June high could be counted now as extreme point of the rise since November 2011.

Unfolding a leading diagonal in opposite direction of trend, indicates a trend change.

USDJPY - Weekly

USDJPY

Bullish Outlook :

With respect to the Minor-degree wave 4 as a complete correction, resuming the advance in the same degree wave 5 is expected now against 118.2.

Based upon this bullish count, developing in five waves as Minor-degree wave 5 should result in a new extreme above the June 6 high.

USDJPY - Weekly1

USDJPY

Bullish Outlook :

The Dollar/Yen has engulfed the prior retracing weeks since mid October low, with respect to the advancing wave structure.

Based upon the bullish view, more extending in Intermediate-degree advance of wave (5) would eventually carry the Dollar/Yen to at least the 126.564 and potentially far above this level.

USDJPY - Weekly

USDJPY

Bearish Outlook :

Dollar/Yen is falling below 119.07, indicating the prior bearish alternate count, the advance since the November 2011 low remains in an exhaustive state.

A solid close under the 119.07 level would continue to increase the odds that a significant top is in place at the 125.855 high on June 5.

USDJPY - Weekly