We Should See Stronger Dollar Gains: USD/JPY Losses

Published 08/22/2019, 02:43 AM
Updated 07/09/2023, 06:31 AM

We have seen some sluggish development, mostly due to the initial (Dollar) bullish foundation waves and this should now see (I hope) stronger losses in EUR/USD and GBP/USD and gains in USD/CHF. Still, we should take this step by step…

Yesterday’s development in USD/JPY provided the (brown) Wave i and Wave ii. Of course, it’s rather strange to see this pair moving down with EUR/USD and GBP/USD… but it’s clear that we shall see losses.

Clearly, with both EUR/USD and USD/JPY moving lower side by side, we should see some decent losses in EUR/JPY. This is going to be a difficult to find the Wave c/iii with these two pairs side by side…

I’m now beginning to think that we have seen the Aussie high and more likely to push back below the current low…

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