Intraday Elliott Wave Swings For USDJPY and AUDUSD

By: Gregor Horvat | Wed, Jun 25, 2014
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USDJPY has also been under pressure yesterday because of lower stocks. We have seen a reversal down from around 102.15 that now looks like a wave (e) of a big triangle. Firstly we thought it was wave (ii) but because of a ranged market since June 12 we believe that triangle is more appropriate labeling. We should keep an eye on 101.79 break that may put weakness in play for 101.58 and even lower after that.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

Yesterday we presented a new wave count for AUDUSD that can be a flat formation with wave c) now heading down to 0.9300/0.9325. If that's a flat then we need five waves down in c), for now that's not the case yet, so be aware of more weakness in the next 24 hours.

AUDUSD 1h Elliott Wave Analysis

AUDUSD 1-Hour Elliott Wave Analysis Chart


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of, but before that he was working for Capital Forex Group and His feature articles have been published on:,,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

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