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GBPUSD and SP500 - Post NFP Elliott Wave Analysis

GBPUSD is trading lower, but in fifth wave of decline within an extended black wave 3 which means that weakness can be limited. We however soon Fibonacci projections around 1.5150 where pair can be headed in the next few sessions, before market turns up for wave 4 pullback.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

S&P500 futures is trading lower, now approaching 1900 level where breakthrough can cause a drop to around 1880 area, towards 1.0 Fibo projection level.

S&P500 (Sep 2015) 1h Elliott Wave Analysis

S&P500 (Sep 2015) 1-Hour Elliott Wave Analysis Chart

 


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