Technical analysis: Intraday level for USD/JPY, May 08, 2018

Technical analysis: Intraday level for USD/JPY, May 08, 2018

In Asia, Japan will release the Household Spending y/y, 10-y Bond Auction and the US will release some Economic Data such as 10-y Bond Auction, USD: IBD/TIPP Economic Optimism, JOLTS Job Openings, and NFIB Small Business Index. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this […]

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Elliott wave analysis of EUR/JPY for May 8, 2018

Elliott wave analysis of EUR/JPY for May 8, 2018

EUR/JPY continues to move lower towards the next minor downside target at 128.96. Short-term resistance is now seen at 130.63, which will ideally protect the upside for a continuation lower to 128.96 on the way towards the ideal wave C of (E) target at 124.94. Once this C wave decline completes, it will also complete […]

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