• 725 days Will The ECB Continue To Hike Rates?
  • 725 days Forbes: Aramco Remains Largest Company In The Middle East
  • 727 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,127 days Could Crypto Overtake Traditional Investment?
  • 1,131 days Americans Still Quitting Jobs At Record Pace
  • 1,133 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,136 days Is The Dollar Too Strong?
  • 1,137 days Big Tech Disappoints Investors on Earnings Calls
  • 1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,139 days China Is Quietly Trying To Distance Itself From Russia
  • 1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,143 days Crypto Investors Won Big In 2021
  • 1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,147 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,147 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,150 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,151 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,151 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,153 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For GBPJPY and USDCAD Intraday

Usually you will see XXX/JPY pairs trading in the same direction as stocks. Well, stocks turned sharply up in this week so looking even higher on yen crosses makes sense. Below we have GBPJPY which in fact has a nice bullish structure because of five waves from the low followed by a complex corrective decline that is still in progress now, but part of a bullish trend. We see support at 170.00-170.50

GBPJPY 1h Elliott Wave Analysis

GBPJPY 1-Hour Elliott Wave Analysis

Bad Retail Sales data from Canada and good CPI from the US caused a nice pop-up on USDCAD that can be heading higher now with impulsive price action but we want a daily close price above 1.1294 to look for a rally back to October highs.

USDCAD 1h Elliott Wave Analysis

USDCAD 1-Hour Elliott Wave Analysis

 


Subscribe Our Newsletter If you already haven't >> http://goo.gl/8QVevl

 

Back to homepage

Leave a comment

Leave a comment