Intraday Elliott Wave Analysis For USDJPY And AUDUSD

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Last week we were also paying a lot of attention to USDJPY and highlighted a triangle pattern on Friday. Triangles are continuation patterns, so be aware of more downside in this week in wave v), ideally towards 101.00 from current levels.
USDJPY 1h Elliott Wave Analysis
USDJPY Elliott Wave Analysis
We know that three wave patterns are corrections, and this is exactly what AUDUSD made from 0.8824 to 0.8692. We see a-b-c down, called a zigzag that is now pointing for higher levels in wave c) towards 0.8860/90.
AUDUSD 1h Elliott Wave AnalysisAUDUSD 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 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.