USDJPY and SP500 Intraday: Elliott Wave Analysis

By: Gregor Horvat | Tue, Jan 27, 2015
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USDJPY is moving down at the moment, following very bad US Durable Goods Orders (-3.4% vs 0.6% exp.). Based on a very strong decline at the moment, we suspect that price will sooner or later revisit the lows and possible test 117.00 area, where we would love to see a bounce after a completed corrective decline.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

Traders, the S&P is trading lower as expected, now moving south with a third leg of decline that we highlighted it yesterday. Ideally that's wave C, third leg within wave E that can look for a support at our 2000-2020 zone.

S&P500 (Mar 2015) 30 Min Elliott Wave Analysis

S&P500 (Mar 2015) 30-Minute 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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