Forex

Elliott Wave Video Market UpdateDec 19, 2023

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GH

The theme of the day is BoJ who did not change its policy, so as a result JPY is down, with USDJPY climbing higher and searching for resistance which eventually can be a bit higher. However, we still think that USDJPY can see some nice turn down in 2024 as Ueda noted that there can be normalization in March of 2024 and possibly even some market surprises can happen. So definitely they are looking at changing the policy which will be volatile for JPY ideally in an upward direction. I will look at some USDJPY levels in our video below, plus will cover also Aussie, DXY, and Bitcoin.

Grega

NZDUSD is coming higher, check what our members have been reading two weeks back CLICK HERE

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