Elliott Wave Analysis On EURJPY And 10 Year US Notes

By: Gregor Horvat | Wed, Jul 27, 2016
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EURJPY

EURJPY is trading nicely higher today, probably in a new impulse, that could reach new highs. We see price in blue wave iv, which could be an unfolding triangle, meaning that one more wave to the upside may unfold, after its completion.

EURJPY, 1H

EUR/JPY 1-Hour Chart


10 Year US Notes

On the 10 Year US Notes chart we see that price is trading in a new contra trend movement, probably in a three wave consolidation, with price now in blue wave B. After blue wave B is finished, we may see a rally towards 133 area, from where a new impulsive drop may occur.

10 Year US Notes, 4H

US 10-Year Notes 4-Hour Chart

 


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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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