"USDX & USD/JPY since last September have been correlated very well and we think the $USDJPY is going to trade lower in the short term as bounces fail under 100 toward the 96 area. The move down from this high appears to be in seven swings which is corrective and as a bounce higher materializes in $USDJPY so should the $USDX." - Eric Morera, Elliottwave-Forecast.com
If you liked this video, you can visit our website. We do Elliott wave analysis of 25 instruments in 4 different time frames with 1 hour charts updated 4 times a day.