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USD/JPY

Exploring the Future of USDJPY: An Expert Elliott Wave Perspective as of August 4, 2023

USDJPY peaked near 152 in Oct 2022, completing a 5-wave Elliott impulse before entering a corrective A-B-C phase. Wave A dropped sharply to 127, Wave B rallied back toward 145, and now Wave C appears underway with prices near 143 in Aug 2023. Bearish divergences and resistance signal potential downside ahead as the larger correction unfolds. Traders should watch for unfolding impulsive moves and key Fibonacci levels to anticipate next directions. #ForexAnalysis #ElliottWave #USDJPY

EUR/USD

Currency Markets Shake as US Jobs Surge Sparks Pound and Euro Drop

The British Pound slipped against the Euro and US Dollar after a stronger-than-expected US jobs report. Higher US employment numbers raised bets on Fed rate hikes, pressuring GBP/USD and GBP/EUR. Market focus shifts to central bank policies as economic outlooks diverge. Original analysis by Joel Frank, Currency News.

EUR/USD

EUR/USD Faces Continued Downtrend Amid Stronger Dollar and Weakening Euro—Evening Market Update for August 1, 2025

EUR/USD extended its decline on August 1, 2025, closing below key support levels amid continued bearish momentum. The pair remains under 50- and 100-day EMAs near 1.0925, facing resistance around 1.0900 to 1.0930. Technical patterns, including a bearish flag and RSI below 50, suggest further downside potential toward 1.0800 and 1.0755. US dollar strength driven by robust labor data supports the downward trend. Traders should monitor support zones and key indicators before positioning for the days ahead. Analysis adapted from Economies.com.

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