{"id":41202,"date":"2013-08-21T08:50:12","date_gmt":"2013-08-21T12:50:12","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41202"},"modified":"2013-08-21T08:50:12","modified_gmt":"2013-08-21T12:50:12","slug":"usdjpy-is-showing-a-bullish-structure-elliott-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/21\/usdjpy-is-showing-a-bullish-structure-elliott-wave-analysis\/","title":{"rendered":"USDJPY Is Showing a Bullish Structure: Elliott Wave Analysis"},"content":{"rendered":"<p>USDJPY has made three waves of a pull-back from latest high that could be near completion as price tested and already reversed from very important 61.8% Fibonacci support level. We expect to see a move higher from here, ideally in impulsive fashion back to 98.64.<br \/>\n<i>USDJPY 1h Chart-Elliott Wave Analysis<\/i><br \/>\n<img decoding=\"async\" alt=\"\" src=\"http:\/\/i.imgur.com\/PMfFbAa.jpg\" width=\"597\" \/><br \/>\nThe reason for a bullish outlook is previous five wave rally in wave A) which is called an impulsive move.\u00a0 Impulses show direction of a trend or temporary change in trend, that\u2019s why we think that current trend is bullish, and that three wave retracement from 98.65 is temporary. Invalidation level remains at 95.75.<br \/>\nOn the basic chart below you can see where USDJPY is at the moment.<br \/>\n<img decoding=\"async\" alt=\"\" src=\"http:\/\/i.imgur.com\/tsCBpdN.jpg\" width=\"465\" \/><br \/>\n<b>Written by <a title=\"\" href=\"http:\/\/www.ew-forecast.com\" target=\"\">www.ew-forecast.com<\/a> | Try ew-forecast.com&#8217;s services <a title=\"\" href=\"http:\/\/www.ew-forecast.com\/service\" target=\"\">free for 7 days <\/a><\/b><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY has made three waves of a pull-back from latest high that could be near completion as price tested and already reversed from very important 61.8% Fibonacci support level. We expect to see a move higher from here, ideally in impulsive fashion back to 98.64. USDJPY 1h Chart-Elliott Wave Analysis The reason for a bullish &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/21\/usdjpy-is-showing-a-bullish-structure-elliott-wave-analysis\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDJPY Is Showing a Bullish Structure: Elliott Wave Analysis&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41202","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41202"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41202\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}