Elliott Wave Conjecture

Market Predictions based on Elliott Wave Theory and Traditional Technical Analysis

Wednesday, October 28, 2009

USD/JPY Hourly Chart

The USD/JPY pair looks to have completed a leading diagonal. A deep retracement to around the 61.8% Fibonacci is expected from here. This may correlate with dollar weakness across the board and may coincide with a push higher from other US pairs.

Jared at 6:28 PM

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Jared: Brisbane, Queensland, Australia; I have been using Elliott Wave Theory for several years now and use it in combination with traditional technical analysis methods to assist me with my trading. My main focus is on currency analysis (FX) however I also analyze commodities and equity markets for their correlational importance. You can reach me on email at ewforex(at)gmail(dot)com.

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