• 17 hours The S&P 500’s Top Companies Hold $2.5 Trillion In Debt
  • 24 hours Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 2 days BlackRock Makes A Run On Asian Stocks
  • 2 days Gold Prices Surge Above $1,800
  • 3 days Chinese Stocks Soar On Bullish Economic Data
  • 3 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 3 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 4 days TikTok Is Becoming A New Battleground For Tech Politics
  • 4 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 4 days Why The World Is So Divided In Its COVID-19 Response
  • 5 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 6 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 6 days Musk Takes To Twitter To Troll The SEC
  • 7 days Lunar Mining May Commence As Early As 2025
  • 8 days Immigration Will Go Bust Without $1.2B Bailout
  • 8 days The Economics Of The Space Race
  • 9 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 10 days How Much More Cash Can Uber Burn?
  • 10 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 10 days EU-U.S. Trade Relations Are Deteriorating
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  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