• 2 hours The $90M Inflatable Rabbit Redefining Modern Art
  • 5 hours Huawei’s Fate In The Air
  • 8 hours Tesla Slashes Prices Again
  • 10 hours The Modern History Of Financial Entropy
  • 1 day Italy’s Central Bank Embraces Sustainable Investing
  • 1 day Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 1 day Researchers Push To Limit Space Mining
  • 1 day Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For EURJPY And GBPUSD

EURJPY

EURJPY is trading nicely down for the last few session.. Decline is quite sharp at the moment so ideally that's wave three in play towards 124.20-124.60 area where we see some typical Fibonacci projections for extended third wave. That said, we will still keep a close eye on this pair as some interesting sell opportunities may occur later this week, if 126.08 will stay untouched. If stocks will trade lower, then this would also be a bullish sign for Japanese yen.

EURJPY, 1H

EURJPY 1-Hour Elliott Wave Chart


GBPUSD

GBPUSD remains bearish as recent minor intraday rally up to around 1.4195 can be wave 4 as part of a five wave decline in wave C) that is targeting 1.4100-1.4120 area where we would expect to see a bounce. Ideally this new leg up will then be in impulsive, five wave structure, but based on minimum expectations it can also be a three wave move, but still to the upside, probably back to a round 1.4280 as minimum objective.

GBPUSD, 1H

GBPUSD 1-Hour Elliott Wave Chart

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment