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GBP/USD Eyes Higher
Abstract：GBP/USD Eyes Higher
US data ahead including NFP
GBP/USD looks for one leg down before moving higher
A Rise above 1.400 indicates impulsive bullishness ahead
GBP/USD trades in corrective Elliott wave triangle a,b,c,d,e pattern. It is now wave e, final leg of this corrective triangle.
We have US Data ahead including Nonfarm Payrolls. GBP/USD could get support during the that volatile session. Any Intraday downside move will be ideal area to join the Cable's bullish ride.
A rise above 1.400 level indicates that GBP/USD is more bullish in the days ahead.
GBP/USD 4h Elliott Wave Analysis Chart
GBPUSD Elliott Wave Analysis Chart
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Today's analysis: USDJPY Set for Potential Increase Amid Intervention Risks and Bullish Trends
USD/JPY is near intervention levels with Japanese officials warning of potential forex actions. Despite a bullish trend, caution is advised due to possible government interference. The pair has risen past 158.25, aiming for 160.20, within a broader uptrend from 150.25. A break below 150.87 could signal a larger correction towards 146.47.
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