Logo-color Logo-white

The Elliott Wave perspective indicates that GBPJPY has entered a bearish sequence from its October 30, 2024 high. It signals further downside potential. From that peak, wave (W) concluded at 187.05, followed by a wave (X) rally that terminated at 195.94, as illustrated in the accompanying 1-hour chart. Currently, wave (Y) is unfolding lower, exhibiting […]

The post Elliott Wave Indicates Bearish Sequence for GBPJPY, Favoring a Downward Trajectory appeared first on Action Forex.

previous

First Impressions: RBNZ Monetary Policy Review

next

EUR/USD Resumes Increase While USD/CHF Dives

Read More

01/04/2025

DAX Declining in an Impulsive Structure, According to Elliott Wave Perspective

The $DAX appears to be tracing a five-wave impulsive decline from its recent high on March 18, 2025. In Elliott Wave theory, an impulsive structure consists of five distinct waves. Wave 1, 2, 3, 4, and 5 as motive wave moves the direction of the prevailing trend, which in this case is downward. This pattern […]
10/01/2025

Time for NFP, Buckle Up

In focus today The most important data release of the day will be the US December Jobs Report. We expect nonfarm payrolls growth to slow down to +170k (from +227k), see unemployment rate steady at 4.2% and average hourly earnings growth at +0.3% m/m SA. University of Michigan’s preliminary consumer sentiment survey for January is […]
17/06/2024

For EUR/USD, Further Decline to 1.06 Support the Path of Least Resistance

Markets The French/Macron-driven risk-off continued to rage across European markets last Friday. European risk premia again leaped aggressively higher. After a protracted period of underperformance against swap, German Bunds fully picked-up their traditional safe haven role. German yields declined between 10.7 bps (5-y) and 14.1 bps (30-y), a move that is difficult to link to […]