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AUDJPY and GBPUSD Intraday - Elliott Wave Analysis

AUDJPY is still in a corrective price action, making a big flat or a triangle pattern since July 08. Based on latest price action we expect more upside, up to 91.30/91.50 area as bounce from 89.30 can be impulse, pair of a minimum three wave rise.

AUDJPY 4h Elliott Wave Analysis

AUDJPY 4-Hour Elliott Wave Analysis Chart

GBPUSD is at new swing highs, above 1.5670 which now looks like a wave C) of a three wave rally from early July. If that is the case then price could rise to 1.5750 area before rally can be done and send price sharply to the upside later this week.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

 


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