USD/JPY - Wave iv ended at 106.76. Look for a rally to 111.06

USD/JPY wave iv ended at 106.76. Look for a rally to 111.06 

With an almost perfect test of the 38.2% corrective target of wave iii at 106.81 and the bottom of blue wave iv of one lessor degree, the odds for wave iv being over are very higher and I will now be looking for a break above 107.50 to confirm the bottom of wave iv for a rally to at least 111.25 in wave v and possibly even higher to 112.31.

Short term only a break below 106.76 will delay the expected upside rally in wave v.

 

Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Thomas
2014-08-11
Sublime Counts!
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...