USDCHF and USDJPY Intraday: Elliott Wave Analysis

By: Gregor Horvat | Fri, Jul 4, 2014
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USDCHF now also in fifth wave, heading up to 0.8960, short-term resistance that may cause a temporary reversal down for an a)-b)-c) pullback. After that pullback we will be looking straight up, probably next week.

USDCHF 1h Elliott Wave Analysis

USDCHF 1-Hour Elliott Wave Analysis Chart

USDJPY is reversing from 102.30 resistance where we suspect that market completed a five wave rally up in A. We know that after every five waves correction follows, so ideally pair is in three wave retracement back to 101.860/101.90 area where set-back may find a base and then send prices up in wave C.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

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