#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

I am still showing the extremely bullish count here on the USDJPY.  A break of 109.789 will invalidate this count but I would still remain bullish on pullbacks as long as 107.652 holds. 

USDJPY 4 HR Elliott Wave Count

 

#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

This is a very bullish count again on the USDJPY.  IF the pair does not continue higher and breaks below 109.44 I would just move the higher degree wave i to the top and look for a wave ii down.  

USDJPY 4 HR Elliott Wave Count

#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

The USDJPY has broken above the 109.7 resistance area with very little pullback for a 2nd wave.  We could see a little higher to possibly complete wave 1 of iii.  I would like to see a little pullback here that holds above 109.44 then breaks higher again.

IF the 109.44 low is truly a wave ii low then stops would be safe below there.

USDJPY 4 HR Elliott Wave Count

#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

The wave (ii) may be complete at the 107.652 low were I have labeled the failed C wave.  This spike higher from that low could be a wave 1 with a wave 2 to follow soon.  

IF the pair shows a nice 3 wave pullback and then breaks higher above the 109.7 resistance then it may be a nice long opportunity with stops below the recent higher low. 

If resistance holds here we could see a C wave move down to the 107.00 -106.5 area before another attempt to break higher. 

 

USDJPY 4 HR Elliott Wave Count

#USDJPY 4 HR #ElliottWave Count

USDJPY 4 HR Elliott Wave Count

I am going with the Leading Diagonal complete and the pair is in a wave 2 or B correction. The 109.7 area was hard for the pair to cross so I will be looking lower until we have evidence that level has given way and has turned support.

USDJPY 4 HR Elliott Wave Count

#USDJPY 1 HR #ElliottWave Count

USDJPY 1 HR Elliott Wave Count

This wave for is starting to take a little to long to develop, may have to look at the count again if it does not break higher soon. 

USDJPY 1 HR Elliott Wave Count

#USDJPY 1 HR #ElliottWave Count

USDJPY 1 HR Elliott Wave Count

The USDJPY may have started wave 3 up today, the other option is a 4th wave triangle.  

USDJPY 1 HR Elliott Wave Count

#USDJPY 1 HR #ElliottWave Count

USDJPY 1 HR Elliott Wave Count

Nothing new here, just sideways movement as we wait to see if we get that final leg up. 

USDJPY 1 HR Elliott Wave Count

#USDJPY 1 HR #ElliottWave Count

USDJPY 1 HR Elliott Wave Count

Still waiting for the one shot higher to complete this Leading Diagonal.

USDJPY 1 HR Elliott Wave Count