Elliott Wave Analysis: S&P500 and USDJPY Intraday Look 

usdjpy daily

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Elliott Wave Analysis: S&P500 and USDJPY Intraday Look

E-mini S&P500 can be much higher tomorrow, after NFP report is out, if we consider a bullish pattern here placed in wave 4). We see a triangle formation which can cause a rally up to wave 5), but would need break above 2480. So as long 2480 holds, there is also alternate count for wave four; with triangle in b of 4).

S&P500, 1H

sp 500 analysis

USDJPY has 5 waves up and three waves down from around 111.00 which is a bullish pattern that can lift price up to 111.30 once pair passes 110.82.

USDJPY, 1H

usdjpy daily

 

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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By Gregor Horvat

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