April 14th – USDJPY

Ideally prices should continue moving lower and penetrate the next level of support at 131.80. But I want to bring your attention to the fact that the cloud was able to stop prices and there is a green cloud ahead. We would like to see prices printing below the cloud. Until then wave (2) high may be in jeopardy.

Prof. Aldo Lagrutta is an awarded Certified Financial Technician from the International Federation of Technical Analysts and holds several financial market designations, including the coveted Certified Elliott Wave Analyst.

He is a also a member of the Society of Technical Analysis, holds the CFT’e and is a recipient of the Bronwen Wood Prize bestowed by the Society of Technical Analysis in London.

Prof. Aldo Lagrutta grew up as a music child prodigy and became the youngest Professor to teach in several universities and conservatories around the world. He performed for 2 decades as a concert guitarist in Europe, Africa, North and South America.