OIL and USDJPY Intraday: Elliott Wave Analysis
No change on crude oil in the last couple of hours; we still see current slow price action as wave b that is part of incomplete three wave rally. We favor push up into the 99-100 resistance area before price may turn for a new leg down.
CRUDE OIL 1h Elliott Wave Analysis
Traders, USDJPY is up, but not for long it seems as we see recovery as wave B now at resistance levels. That B is part of incomplete three wave fall in wave D. We would not be surprised to see pair moving down in the next few sessions into wave C towards 101.20/101.30 where pair may turn up for wave E.
USDJPY 1h Elliott Wave Analysis
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