USDJPY’s recent rise to 162.00 looks like a final corrective wave, not a breakout, per Elliott Wave analysis by Ivan Hoffman. The W-X-Y double zigzag correction could be ending, signaling a potential sharp reversal ahead. Caution advised for bulls expecting continuation. #Forex #USDJPY #ElliottWave
Elliott Wave analysis of gold suggests the current corrective wave (4) is nearing completion after a complex consolidation since 2020. A bullish wave (5) advance may drive gold to new all-time highs by late 2025 and beyond, reflecting continued macroeconomic and geopolitical influences. Stay tuned for key trend shifts.
AUD/USD showed mixed action last week, testing resistance near 0.6700 but unable to sustain a break higher. Key supports at 0.6586 and 0.6462 remain intact, while momentum indicators signal a critical pivot. Monitoring RBA policy and U.S. inflation data will be essential as the pair seeks directional clarity.
GBP/USD showed mixed signals last week, consolidating near 1.27 amid cautious BoE and Fed outlooks. UK’s inflation remains sticky while US data hints at easing, keeping the pair range-bound between key support at 1.2670 and resistance near 1.2850. The market awaits fresh catalysts to break current indecision.
Markets remain on edge awaiting the White House’s decision on potential new U.S. tariffs targeting the European Union. Traders are closely watching for details on the scope and timing of these measures, as renewed trade tensions could disrupt global supply chains, pressure equity markets—especially European automakers—and influence currency movements. With uncertainty mounting, the outlook for risk sentiment and central bank responses is increasingly cautious. Stay tuned as developments unfold.
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Elliott Wave analysis of USD/JPY as of July 14, 2025, highlights a completed five-wave bullish advance peaking near 162.00, now followed by a corrective ABC pattern underway. Wave C may extend toward 149.00 support levels. Traders should watch for corrective structures signaling possible trend resumption or deeper retracement. #Forex #USDJPY #ElliottWave
Gold’s Elliott Wave pattern suggests a potential bullish breakout ahead. After completing a five-wave advance from $1,810 to $2,420 followed by an A-B-C correction down to near $2,050–$2,100, the correction appears close to completion. This sets the stage for a new upward impulse potentially pushing gold above $2,600 in the months ahead. Traders and investors should monitor key Fibonacci support and RSI signals to confirm momentum. In a volatile global environment, Elliott Wave analysis offers valuable insights into gold’s price trajectory as we move through 2025.
Certainly, the AUD/USD pair is showing signs of short-term stabilization after recent declines, with support holding near 0.6600. However, overall bearish momentum persists as resistance around 0.6780 to 0.6840 remains intact. Traders should watch key technical levels closely as broader economic factors continue to influence the Aussie dollar’s trajectory. For detailed analysis, consult reports from ActionForex, DailyFX, Investing.com, and FXStreet.
GBP/USD remains range-bound after a volatile week, consolidating between support near 1.2650 and resistance around 1.2816. Key levels to watch: a break above 1.2816 could open the way to 1.2892 and potentially 1.3000, while a slip below 1.2620 risks a test of 1.2500. Market focus remains on UK inflation, GDP data, and Fed guidance for direction.
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