• 1,031 days Will The ECB Continue To Hike Rates?
  • 1,032 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,033 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,433 days Could Crypto Overtake Traditional Investment?
  • 1,438 days Americans Still Quitting Jobs At Record Pace
  • 1,440 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,443 days Is The Dollar Too Strong?
  • 1,443 days Big Tech Disappoints Investors on Earnings Calls
  • 1,444 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,446 days China Is Quietly Trying To Distance Itself From Russia
  • 1,446 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,450 days Crypto Investors Won Big In 2021
  • 1,450 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,451 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,453 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,454 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,457 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,458 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,458 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,460 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURGBP And EURJPY

EURGBP

EURGBP is in sharp and impulsive sell-off for the last two or three weeks, currently with red wave 5) still in progress which should be structured by five subwaves, so current leg from 0.8565 can extend even to 0.8300 this week, or to 0.8260 before support will be seen for a turn up into a corrective A)-B)-C) run.

EURGBP, 4H

EUR/GBP 4-Hour Chart


EURJPY

EURJPY is turning slightly lower for the last 24 trading hours, away from 61.8% Fibonacci level where market might already accomplished a three wave of recovery up into wave c-circled that belongs to a big triangle formation. So if we are on the right track then current minor turn down can be start of a wave d decline towards the lower side of a contracting range.

EURJPY, 4H

EUR/JPY 4-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment