GBPUSD and USDCHF Elliott Wave Analysis 4/25/2014

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GBPUSD 1h Elliott Wave Analysis |

No real change on GBPUSD in the last 24 hours; pair made three legs down to 1.6758 which is a corrective move, so ideally pair is at the start of a new bullish leg that may reach 1.6870-1.6900 area.

gbpusd elliott wave intraday
USDCHF move close to 0.8860 yesterday but bears remain in play for the rest of the days with reversal down and daily close at 0.8810 level which suggests more weakness in sessions ahead. Ideally market will break-down into wave (iii) towards 0.8775 and even lower in sessions ahead.
USDCHF 1h Elliott Wave Analysis

usdchf 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.