USD/JPY - Wave E of the triangle is almost over

USD/JPY wave E of the triangle is almost over

Well the expectation of a bigger triangle unfolding has well founded and we are now well into the target-area between 101.81 - 102.20. As long as minor support at 101.70 protects the downside, we could still see a move closer to 102.20, but we are very close to a top now and should not expect to much more in regards to the upside.

Once wave E of the triangle is over we should see renewed downside pressure for a thrust out of the triangle towards the downside for a decline to at least 98.38.

Jonathan
2017-10-24
Your work is exceptional and glad I found you.
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
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