We had one more push in EURUSD to the upside and we have to change the structure of our count. Nevertheless, we still hold our view that this is a potential wave E in triangle. We just modified the look of this last surprise and changed the structure into an A)-B)-C) move that is now facing resistance once again at 1.1040-1.1060. The EURUSD rally came in after the announcement that Greece reached a third bailout deal.Â
EURUSD 30min Elliott Wave Analysis
Yesterday I presented a triangle idea for GBPJPY and noted that we are looking up to 194 with wave wave D. This has happened in recent sessions so now we are even more confident that sooner or later the pair will break to a new high. We will be waiting on wave E for possible longs.
GBPJPY 4h Elliott Wave Analysis
