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USDCAD and GBPJPY Intraday

GBPJPY is in a pullback from 195.00 where we labeled end of a wave D within a triangle. Price came down nearly 160 pips so far which looks like a wave E in progress; a final leg that can complete wave B) correction around 192.50-193.00 area.

GBPJPY 4h Elliott Wave Analysis


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USDCAD is in a complex downward correction after falling to a new low today. So we labeled end of wave X near 1.3155 as part of a double zigzag. Ideally market will reach levels around 1.2860-1.2900 before support may be found that will send price up into a new impulse.

USDCAD 1h Elliott Wave Analysis


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