• 19 mins The Surprising Catalyst Sending Some U.S. Home Prices Soaring
  • 3 hours Is The Global Bond Bubble About To Burst?
  • 5 hours Investors Are Piling Into Tax Exempt Municipal Bonds
  • 21 hours Strong U.S. Dollar Weighs On Blue Chip Earnings
  • 1 day How Millennials Are Reshaping Real Estate
  • 1 day Is America's Love For Cars Fizzling?
  • 1 day Increased Solar Demand Could Spark Silver Buying Spree
  • 2 days Amazon Calls It Quits On Alibaba’s Home Turf
  • 2 days Market Euphoria Weighs On Gold
  • 3 days Did Facebook Just Become ‘Uninvestable’?
  • 3 days Electric Vehicles Are Reshaping The Mining Industry
  • 4 days Buffett, Dimon Voice Support For Stock Buybacks
  • 4 days Newmont Goldcorp Now World's Top Miner After Sealing The Deal
  • 5 days Canopy Growth Eyes U.S. Pot Producer In $3.4B Takeover Deal
  • 5 days U.S. Slaps New Sanctions On Cuba To End ‘Glamorization Of Communism’
  • 5 days The Unstoppable Electric Bus Revolution
  • 5 days Pinterest, Zoom Launch Much Anticipated IPOs
  • 6 days Marijuana’s Bizarre Bottleneck Isn’t What You’d Expect
  • 6 days Climbing Stocks Weigh On Gold, But A Turnaround May Be Near
  • 6 days China's Economic Growth Exceeds Analyst Expectations
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURJPY And GBPUSD

EURJPY

EURJPY is breaking above the upper channel line in a sharp manner, probably as part of red sub-wave A). As such we believe the final blue wave E of this higher degree triangle may be in motion, with a probable reversal zone around the 61.8 or 78.6 Fibonacci ratio. Ideally from there more weakness will occur in impulsive fashion.

EURJPY, 1H

EUR/JPY 1-Hour Chart


GBPUSD

GBPUSD is trading nicely towards our 3 or C wave target around the 1.2289 region, from where a probable reversal may come in play. Ideally this will only be a three wave reversal, meaning more upside could still later be seen, after this reversal takes place.

GBPUSD, 4H

GBP/USD 4-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days 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