June 22, 2013 1:00 pm –
June 22, 2013 3:00 pm
June 29, 2013 1:00 am –
June 29, 2013 2:00 pm
The Yen and the USD/JPY pair have made what looks to be the end of the first wave, the wave A. I’m open to one additional move higher in the Yen first, but for the most part the next move of significance should be the wave b. I’m just looking at the Yen futures charts here, so just as a reminder, the Yen moves in an inverse fashion to that of the USD/JPY charts. For now price has fallen just …
The Yen has done it’s little pop down that the last update was looking for and now right in the zone for bounces in wave 4 on the larger timeframes.
This is the Yen futures chart, so don’t confuse it with the USD/JPY pair although can obviously be used to help with understanding the pair. Price is right near a couple of measured targets in the triangle breakout and also the extension of the wave 1 off the top which targets 96.68 and the triangle at 96.82. In the case of the USD/JPY the measured targets that I have are at 102.87 and 103.61 with 104.80 at a stretch.
The much anticipated USD/JPY push through 100 finally occurred in yesterday’s price action with a push this morning right into the target zone from the last update of 101-102 with 100.90-101.20 as the favored target previously. We look to be in wave 5 of this push out of the triangle so we can allow for a little more upside towards 102 but price is now right in the zone for a turn down in what could be a rather strong …
For those trading the TTC plan it’s been a very nice 6+ months of trading this first major up move. There should be plenty more to come but we’re coming into an important price level that may provide for a bit bigger price pullback than what we’ve been experiencing to date. Keeping in touch with the alerts will help so that your plan can handle the challenges the market will undoubtedly throw at us before reaching the higher targets. USD/JPY …
The Yen has been in a very nice down-trend and there is no reason to look for that trend to end at present. But a bounce might be working its’ way into play, with RSI making it into Oversold territory adding to that mix. It will be worth looking at this in conjunction with the US Dollar Index and the USD/JPY chart itself as to some possible clues for turn zones, but important to take each on face value. USD/JPY …
Here we have on a 30 min chart of Usd/Jpy a nice possible Head And Shoulder pattern… i thought i would share with you guys… this one… maybe it helps …
USD/JPY 2 hour chart We take a look at the USD/ JPY 2 hour chart and we can see a 5 wave up move completed with waves A and B completed. The market pushes down for a C wave. According to my technical analysis the end of the wave C should be around the 81.02 and 81.88 area (the white rectangle highlighted on the chart). The market could reverse in that area or just go thru it. Now going for …
The usd/jpy market has made a nice move up and is quickly approaching the upper line of a possible triangle pattern developing on the daily chart. The line is currently passing through 83.10. Only a push above there would bring the yearly high of 84.15 into focus.