Here is a couple of nice setups supported by a trigger of the wave oscillator.
Both EURGBP (now at 0.8333) & USDJPY (now at 103.35) should start a nice uptrend. The former to 0.8549-0.8575 and the latter to 106.81.
EURGBP
ELLIOTT WAVES
The EURGBP started the 5th of the 5th with a 1-2 (in green) on a very large scale (major waves 1-2-3-4 started in May 2000 at 0.5682).
TARGETS
likely: 0.8549-0.8575
possibly: 0.8575
maybe: 0.9254
EURGBP daily - click to enlarge
EURGBP: wave oscillator overimposed to a daily chart - click to enlarge
USDJPY
ELLIOTT WAVES
The USDJPY started the 5th of the 5th with a 1-2 (in green).
TARGETS
likely: 105.43-105.83
possibly:106.81-107.33
maybe:108.44-108.71
USDJPY daily - click to enlarge
USDJPY: wave oscillator overimposed to a daily chart - click to enlarge
