AUDJPY and GBPUSD Intraday - Elliott Wave Analysis

By: Gregor Horvat | Wed, Jul 29, 2015
Print Email

AUDJPY is still in a corrective price action, making a big flat or a triangle pattern since July 08. Based on latest price action we expect more upside, up to 91.30/91.50 area as bounce from 89.30 can be impulse, pair of a minimum three wave rise.

AUDJPY 4h Elliott Wave Analysis

AUDJPY 4-Hour Elliott Wave Analysis Chart

GBPUSD is at new swing highs, above 1.5670 which now looks like a wave C) of a three wave rally from early July. If that is the case then price could rise to 1.5750 area before rally can be done and send price sharply to the upside later this week.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

 


What Can You Get For 1€?
At ew-forecast.com Try 1 Month Full Service
http://www.ew-forecast.com/register

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com