Elliott Wave Analysis: S&P500 And GBPJPY
|S&P500
S&P500 futures contract is trading higher, now breaking above 2200 level which opens the door for higher prices within a red wave 5) which may rise to 2210/15 area in the near-term while pair is trading above 2197 swing low.
S&P500, 1H
GBPJPY
GBPJPY is moving higher as stock prices rise. On intraday chart we see some sharp price action over the last 24 hours which looks like a wave three that can belong to a higher degree wave v-circled that can be targeting 143.00 region, while market is above 138.80.
GBPJPY, 1H
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