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USDJPY Elliot Waves Analysis For 30th November 2015

30 November 2015, USD/JPY

USDJPY Elliot Waves Analysis For 30th November 2015
Wave Analysis:
USDJPY is currently trading with a bullish bias. We expect USD/JPY to trade in the higher ranges for wave (b) to end at 123.75. Technically, we will remain long with targets at 123.27, and the next target at 123.63. This pair is strongly positively correlated to USD/CAD, HKD/JPY, and EUR/AUD. Therefore, only buy or sell USD/JPY, if all the other positively correlated pairs are giving the same signal.

Trade Recommendation:

Remain long with targets at 123.27, and the next target at 123.63

Graham Osano
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