• 777 days Will The ECB Continue To Hike Rates?
  • 777 days Forbes: Aramco Remains Largest Company In The Middle East
  • 779 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,178 days Could Crypto Overtake Traditional Investment?
  • 1,183 days Americans Still Quitting Jobs At Record Pace
  • 1,185 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,188 days Is The Dollar Too Strong?
  • 1,189 days Big Tech Disappoints Investors on Earnings Calls
  • 1,189 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,191 days China Is Quietly Trying To Distance Itself From Russia
  • 1,191 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,195 days Crypto Investors Won Big In 2021
  • 1,196 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,196 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,199 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,199 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,202 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,203 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,203 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,205 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

GBPUSD and USDJPY Intraday: Elliott Wave Analysis

Cable is still slow, so we are even more confident that pair is moving sideways in fourth wave correction that is part of an incomplete five wave rally in wave A). New highs could follow soon near 1.5440 from where new corrective set-back could be seen. 1.5298 is now invalidation level, just for case if wave 4 turns out to be more complex.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

On USDJPY we are focused now on lower levels as we see pair reversing into wave (e), which is final leg of a triangle placed in fourth wave. With that said, pair may not be bearish much, but we expect a fall in three waves back to 117-118 area before we may even consider end of the big triangle on a daily chart.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

 

 

Back to homepage

Leave a comment

Leave a comment