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Novi_Fibonacci

Elliot Correction Wave?! - UJ

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Novi_Fibonacci  
FX:USDJPY   U.S. Dollar / Japanese Yen
Elliott Wave Fundamental Analysis Trend Analysis Forex USDJPY correctionwave Technical Analysis
2
0
elliottwaves fundamental trendanalysis forex usdjpy correctionwave technicalanalysis
Here I have USD/JPY on the 1 Hr Chart!

Our failed Lower Low @ 146.841 (Point B) Kicked off my Bullish Bias on UJ today! I believe this is coming to us in the form of a Elliot Correction Wave! When UJ was in this area back in Mid Sep', it was used as Support!

Price has now broke the Confirmation @ 147.905 and is still climbing!

Fundamentally this morning the major news for USD was enough to support the Bullish Rush! All currencies have OPEC today!
USD has Chicago PMI and Home Sales left today!

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