Tag Archives: Gregor Horvat

Elliott Wave Analysis: GBPJPY and USDJPY

Grega Horvat

GBPJPY is making a five-wave bearish structure within blue wave c as part of a three-wave consolidation. We see current intra-day structure unfolding an overlapping movement, which can mean a potential ending diagonal within red wave v) of c can be in progress. If that is the case, then once current red wave v) fully unfolds a sharp and strong reversal to the upside can come in play. more…

Ending Diagonal On GBPUSD Indicates A Strong Reversal; Bears May Take Over

Grega Horvat

On the 4h chart of GBPUSD we are observing final stages of an ending diagonal where final leg up can be now in progress. We are tracking wave C) after nice turn up from wave B) support levels, found near 1.2800. So far, that’s clearly an impulsive reaction up, a very strong one, so we should be aware of even higher levels at the start of the week. There is a chance that market will rise to second resistance area seen at 1.3200/1.3250. more…