Nasdaq and EURJPY Elliott Wave Analysis
Nasdaq and EURJPY Elliott Wave Analysis
EURJPY came down in the last few hours as USDJPY fell on bad data, while 10-year US notes moved higher. We expected more weakness on EURJPY next week, but latest development suggests that there can be another leg up coming, wave C up to 129.70-130.00 resistance. So, either pair goes down from here or from higher levels, in both cases we think that 128.00 will be seen.
EURJPY, 1H
NASDAQ100 is at a new high which has been expected already earlier today when we marked a triangle in fourth wave. It’s a continuation pattern that produced new highs now within wave 5 of three that can still see extensions up to 5850. Any new pullback will be just another fourth wave within ongoing trend.
Nasdaq, 1h
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