Currency pair = USD/JPY

ElliottwaveSignal:

Short term trade.

TimeFrame = 4 Hours.

Signal = Market sell advise.

Risk Reward Ratio = < 2.0

This is a high risk trade on taking advantage of the remaining counter trend.

Possible of next Elliott wave pattern :-

Corrective ZigZagC.

Market are now should forming a correction after reached a new four month high last week.We could see this correction is expanding utill end of the month.

Ranges for this corrective ZigZag pattern would be between 121.50 to 119.50 area.

Regards.

Popularity: 26% [?]

Currency pair = USD/JPY

United States dollar referring to wikipedia :-

“USD” redirects here. For other uses, see USD (disambiguation).
For details of current paper money and coins, see Federal Reserve Note and Coins of the United States dollar.

The dollar (currency code USD and 840) is the unit of currency of the United States. It is normally abbreviated as the dollar sign, $, or as US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. The U.S. dollar is divided into 100 cents.
Adopted by the Congress of the Confederation of the United States on July 6, 1785 the U.S. dollar is the currency most used in international transactions.Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. In 1995, over US $380 billion were in circulation, two-thirds of which was outside the United States. By 2005, that figure had doubled to nearly $760 billion, with an estimated half to two-thirds being held overseas, representing an annual growth rate of about 7.6%. However, as of December 2006, the dollar was surpassed by the euro in terms of combined value of cash in circulation. The value of euro notes in circulation had risen to more than €610 billion, equivalent to US$802 billion at the exchange rates at the time.

Japanese Yen referring to wikipedia :-

The yen (?) or en is the currency of Japan. It is also widely used as a reserve currency after the United States dollar, the euro and the pound sterling. The ISO 4217 codes for the yen are JPY and 392. The Latinised symbol is ¥ while in Japanese it is also written with the kanji ?.

ElliottwaveSignal:

Medium term trade.

TimeFrame = 4 Hours.

Signal = Pending Sell limit between 122.00 to 121.80.

Risk Reward Ratio = to be advise.

Medium term target for Minute Wave3 or DoubleThree waveX at 118.60 for 50% for fibonacci retracement target.

Possible of next Elliottwave :-

DoubleZigZag.(Expected to end near 122.00 zone)
This pattern has been defined as a sharp corrective pattern in which two zigzag are
connected by an X wave,which does not retrace more than 61.8 % of wave A,B and C combined.
It’s common corrective pattern.This is look verymuch live an impulse,count the 7 waves!
The X waves are mostly zigzags too.

Popularity: 12% [?]