GBPJPY has ended a cycle from 14.12.2023 low. Up from 14.12.2024 low, wave (1) ended at 191.32 and pullback in wave (2) is in progress. The pair resumes lower in wave ((i)) with internal subdivision as 5 waves. Down from wave (1), wave (i) ended at 190.34 and wave (ii) pullback ended at 190.99. Pair […]

Dollar Index (DXY) shows incomplete bearish sequence favoring more downside. This article and video look at the Elliott Wave path for the Index.

In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 in June 2020. After these 3 swings, USDCNH should […]

AUDJPY correction has reached short term support area. This article and video look at the where the support area comes using Elliott Wave Theory.

CADJPY is correcting in a double zigzag structure. This article and video look at the where the support area comes using Elliott Wave Theory.

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPJPY. In which, the rally from 13 December 2023 low unfolded as an impulse sequence and called for an extension higher to take place. Therefore, we knew that the structure in GBPJPY should remain supported & extend higher. So, […]