There is a deal on Greece. USDCAD invalidated the minor degree bullish count and continues in a choppy manner to slide. Looking at this structure which has nothing impulsive in itself, we change the labeling for the iv wave to a bit more lower levels from which we could see impulse up developing.
Elliott Wave Analysis USDCAD 1h
USDJPY found lows and is now bouncing in a 5 waves move to the upside. We have waited for lows in wave 4 of an expanding ending diagonal or as alternative, a 1,2 structure. Yet in any case we see a good opportunity here to prepare for possible longs after we see a three wave pullback.
Elliott Wave Analysis USDJPY 30 min
