"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 day Why Are Investors Overlooking Gold Stocks?
  • 1 day The App That Democratized Trading Is Now Worth $5B
  • 1 day Super-Cycles: Why Gold Is Set For A Breakout
  • 1 day U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 1 day Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 1 day How Low Can Bitcoin Go?
  • 1 day Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 1 day Is Barrick Gold Close To Finding A Bottom?
  • 2 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 2 days China: The Land Of The Ultra-Rich
  • 2 days Alibaba Soars On Reports Of China Listing
  • 2 days What Killed Toys ‘R’ Us?
  • 2 days SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 2 days Bears And Bulls Face Off In Gold Markets
  • 2 days Bitcoin Is Winning Over The Housing Market
  • 2 days Markets Slide Sideways As Trade War Fears Linger
  • 3 days Why Aren’t Millennials Investing?
  • 3 days Bitcoin And Banking: The Next Mobile Payment Revolution
  • 3 days SEC Cracks Down On Silicon Valley’s “Disruptive Tech”
  • 3 days Wyoming Eliminates All Taxation On Gold And Silver
Snap Shares Tank Over ‘Slap Rihanna’ Campaign

Snap Shares Tank Over ‘Slap Rihanna’ Campaign

Snapchat’s share prices tumbled after…

Consumer Confidence Fails To Boost Retail Sales

Consumer Confidence Fails To Boost Retail Sales

Consumer confidence measured by market…

Gregor Horvat

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…

More Info

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

Sign Up For The Safehaven Newsletter