Elliott Wave Analysis: S&P500, German DAX and USDJPY
Elliott Wave Analysis: S&P500, German DAX and USDJPY
US stocks markets remains in strong uptrend, with E-mini S&P500 trading around 2490 level while DAX is around 12500. There is room for higher prices on both markets; looking up to 2495 on E-mini S&P500 from current sub-wave four, and up to 12570-12600 on DAX to complete red wave 3).
S&P500, 30Min
German DAX, 1H
More gains on stocks also means more upside for XXX/JPY pairs, so its not a surprise to see USDJPY 240 pips away from its lows. Its an impulsive recovery that can continue to 110.15 in the very near-term.
USDJPY, 1H
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