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Elliott Wave Analysis on USDJPY and 10 Year US Notes

Good morning traders!

USD was mostly lower in Asian trade while JPY is one of the strongest. USDJPY fell nicely towards our 104.00 projected target for wave C where we will look for evidence of a new turn. As always it’s very important to wait on a confirming price action, with an impulsive reaction through 105.43 area before we may call a bottom. If that leg up would occur, then we would consider to join the uptrend especially if we also consider a bearish structure on 10 year US notes. However on 10 year there is room for 133’00 before big downtrend may resume.

USDJPY, 1H

USDJPY 1 (1)

10 Year US Notes, 4H

10 yr us notes 4

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!