Analysis Technical analysis

Weekly Elliott Wave Forecast: SPX500, GBPUSD & USDJPY

The SPX structure continues to hint at new all-time highs while above 4755 as a motive wave seems to be on its way to completion at higher levels.

GBPUSD’s double-three correction looks complete as the surge off $1.3160 points at an impulsive move up. Can we finally break the descending channel?

The USDJPY structure looks poised to move higher should 111 support holds. Short-term, however, we can expect a struggle near 115.60 as the upisde leg looks corrective.


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