GOLD & USDJPY Intraday: Elliott Wave Analysis


GOLD is looking bullish after sharp bounce yesterday to our 1122 projected level that we highlighted it in our recent updates. We see good structure for a bullish impulse so be aware of more gains ahead, minimum to 1130 for blue wave (iii).
GOLD 1h Elliott Wave AnalysisGOLD Intra

USDJPY is moving nicely to the upside, in-line with the stock market. FX pair is showing higher swing lows from 119.38 where we think that pair complex a complex correction, especially as price also recovery out of a downward channel. Ideally pair is headed above 121.34 where decisive break will put 122.20/50 zone in play.
USDJPY 1h Elliott Wave Analysis
usdjpy 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 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.