Elliott Wave Analysis: 10 Year US Notes, USDJPY and Nasdaq100
Elliott Wave Analysis: 10 Year US Notes, USDJPY and Nasdaq100
US stocks moved higher in the last 24 hours but no follow through on USDJPY, where prices are still moving lower and reason can be because of 10-year US notes that are higher. We however expect 10 year to fall which may support USDJPY, ideally from around 111.50 area.
USDJPY, 1H
10 Year US Notes, 4H
NASDAQ100 is following the wave principle very nicely; we see index at new highs within wave 3) that is testing 5900 area where upside can be limited for a short period of time, as corrective wave four pullback can be coming. In such case, be aware of a drop back to 5810-5850 zone from where we will look for a new continuation higher.
Nasdaq, 1H
Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.
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