USD/JPY - Will be in an up-cycle till late March 2017

USD/JPY - Will be in an up-cycle till late March 2017 

We have been pretty much on top of USD/JPY since it bottomed in late 2011. Lately, I have been looking at some different things in regard to the long term picture and observed that a fixed cycle was in work. This cycle is 47 weeks long and shifts between a "up" and a "down/sideways" period. the last "down/sideways" period terminate at the exact low in the first week of May and if this cycle continues to work like it has for the last 4½ years, then we will be in an "up" cycle going forward to March 2017. This also fits the Elliott wave count perfectly as it calls for renewed upside pressure towards and above the top at 125.86 in the coming months.

To confirm that a long term bottom is in place, we need a break above resistance at 111.88, but when it breaks there should be no doubt about the long term direction.  

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...
Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani