Elliott Wave: USD/JPY, Nasdaq100

 | Nov 16, 2018 10:20AM ET

Hello traders and welcome back to the US session! Nice turn down on USD/JPY as expected, but we may see some pullback since we see NASDAQ just like S&P 500 in a wave of an a-b-c correction, where wave »c« up is still missing. So, watch out for a rally in the US stock market towards 6950 projected resistance area, which may cause a pullback on USD/JPY after that sharp decline.