HomeContributorsTechnical AnalysisElliott Wave Analysis: BTCUSD Land GBPJPY

Elliott Wave Analysis: BTCUSD Land GBPJPY

Good day traders!

Bitcoin moved slightly higher up to 7400/7440 where we see a potential completion of a three wave recovery, either for wave B or wave 2, but in both cases there is room for a drop down to 7k while price is below 7600.

BTCUSD, 1H

GBPJPY is making a slow recovery up from 148.60 towards the trendline resistance that we see it as a corrective bounce; it can be wave 4 maybe even wave 2, but in either case there is probability for a drop to 148.00 soon.

GBPJPY, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading