• 326 days Could Crypto Overtake Traditional Investment?
  • 331 days Americans Still Quitting Jobs At Record Pace
  • 332 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 336 days Is The Dollar Too Strong?
  • 336 days Big Tech Disappoints Investors on Earnings Calls
  • 337 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 338 days China Is Quietly Trying To Distance Itself From Russia
  • 339 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 343 days Crypto Investors Won Big In 2021
  • 343 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 344 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 346 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 346 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 350 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 351 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 351 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 353 days Are NFTs About To Take Over Gaming?
  • 353 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 357 days What’s Causing Inflation In The United States?
  • 358 days Intel Joins Russian Exodus as Chip Shortage Digs In
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: GBPJPY and EURJPY

GBPJPY

Intraday structure on GBPJPY is turning nicely bullish, now with five waves up on intraday chart above the upper channel resistance line. We will be tracking a pullback in the next few days for potential long entry, especially if we consider bullish count for USDJPY, Stocks and GBPUSD as well, so basically GBPJPY has a lot of upside potential.

GBPJPY, 1H

GBP/JPY 1-Hour Chart


EURJPY

EURJPY has been trading higher with sharp price moves for the last few weeks, which looks like an impulse in progress on a daily time frame, so current reversal down on 4h chart is seen as a correction, a three wave move. We are tracking an A-B-C pullback in wave 4) which can be looking for a support near 120.00-120.50 area, with wave C unfolding as a potential ending diagonal. However, only a five wave bounce from that region can confirm a reversal higher into a wave 5).

EURJPY, 1H

EUR/JPY 1-Hour Chart

 


EW-Forecast.com has a special offer available on yearly membership, with 31% OFF.
Visite http://www.ew-forecast.com/service for details

 

Back to homepage

Leave a comment

Leave a comment