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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • Elliott Wave Analysis: Higher US Bonds=Lower USDJPY 0 comments
    Aug 7, 2013 11:45 AM

    USDJPY is in bearish mode because of higher US bonds and lower stocks. On the intra-day charts we see room for further weakness on USDJPY as decline from 99.90 appears incomplete. We need five waves down, so keep an eye on fifth wave sell-off after a bounce in wave (iv) back to 97.35-97.50 short-term resistance.
    USDJPY 1h

    (click to enlarge)
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    Bearish USDJPY is matching with higher US Bonds which are looking bullish for the near-term, for third leg up in wave C) within a larger wave (4) pattern which can be triangle or even a flat if wave C will unfold in five waves.
    30year US bonds 4h

    (click to enlarge)

    If you are interested in our analysis then you can try us absolutely FREE FOR 7 DAYS!

    Visit http://www.ew-forecast.com/service/ for more details.

    Themes: US Bonds, USDJPY
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