Elliott Morning Hour: More Upside For USDJPY and JPY Crosses

Posted by on Mar 14, 2013

USDJPY made a nice push higher  this morning, and it seems that pair is moving higher in black wave iii towards 97.00 mark. However, it would be nice to see a break out of the base channel to confirm a strong bullish momentum within impulsive rise. USDJPY 30min With bullish USDJPY we are also observing some JPY crosses. AUDJPY is already higher because of good Australian employment numbers. As such, we are observing some better risk/reward set-ups. NZDJPY is definitely looking interesting
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