Technical Analysis



BTCUSD is trading nicely higher, unfolding a picture perfect bullish impulse. We see price now trading at the beginning of blue wave 5, that can take price higher to around 9300/10000 region, where various Fibonacci projection target lay. There a new bearish reversal can come in play.


GBPJPY is trading higher, now in a potential three-wave bullish reversal. We see black wave A as completed and now a temporary pullback can be on the move. Black wave B may search for support near the Fibonacci ratio of 50.0 or 61.8 and there bounce higher.


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Elliott Wave Financial Service
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