USDCAD and GBPJPY Intraday

By: Gregor Horvat | Wed, Aug 12, 2015
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GBPJPY is in a pullback from 195.00 where we labeled end of a wave D within a triangle. Price came down nearly 160 pips so far which looks like a wave E in progress; a final leg that can complete wave B) correction around 192.50-193.00 area.

GBPJPY 4h Elliott Wave Analysis


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USDCAD is in a complex downward correction after falling to a new low today. So we labeled end of wave X near 1.3155 as part of a double zigzag. Ideally market will reach levels around 1.2860-1.2900 before support may be found that will send price up into a new impulse.

USDCAD 1h Elliott Wave Analysis


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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/

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