Elliott Wave Analysis For USDJPY and GBPUSD Intraday

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USusdjpy elliott wave intradayDJPY 1h Elliott Wave Analysis

On USDJPY hourly chart we still see prices recovering within wave (ii) that can be a double zigzag. Ideally market will make another swing high and find a top around 102.60-103.00. We expect a break down next week.

GBPUSD is again on the move in this week after a spike and completed correction at 1.6658 few days back. From there market recovered in five waves, so be aware of a short-term retracement back in wave B). Nice support for new bullish reversal would be at 1.6785.
GBPUSD 1h Elliott Wave Analysis

gbpusd elliott wave intraday

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.