GBPJPY Trades Into A Triangle, Looks To Break Higher


GBPJPY has turned down last week, but notice that weakness occurred after a completed three wave rise from 191.00 to around 195.30. This is a corrective structure that belongs to a bigger and more complex pattern. Our primary scenario shows idea of a triangle placed in blue wave (b)-circled so uptrend could still continue but after wave (e) is done

GBPJPY Daily Elliott Wave Analysis


GBPJPY 4h Elliott Wave Analysis


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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 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.