Wave Analysis

GBP/USD Chart Pattern Indicates Wave-4 Correction in Downtrend


GBP/USD

4 hour

Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave

The GBP/USD is building a triangle pattern after breaking below the support line (dotted blue) of the downtrend channel. A new bearish breakout could indicate an immediate continuation within

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Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 13 August 2018


Hello trader,

Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.

EUR/USD

The EUR/USD broke below the support (dotted blue) of the range and corrective zone, which is indicating that price is probably in a

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GBP/USD Breakout Accelerates Bearish Momentum


GBP/USD

4 hour


Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave

The GBP/USD broke the support line (dotted blue) of the downtrend channel. The bearish breakout is behaving very impulsively, which indicates that the swing is a potential wave 3 (green). A be

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USD/JPY Bearish Breakout after Pullback in Downtrend Channel


USD/JPY

4 hour


Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave

The USD/JPY bearish channel is staying within the support and resistance trend lines, which probably makes it a wave C (pink). However, price will need to break below the bottom of wave A (pi

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USD/JPY Needs to Break Support for Impulsive Wave-C


USD/JPY

4 hour


Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave

The USD/JPY downtrend channel is now challenging two key support trend lines (blue). The support zone is a critical spot for a bullish bounce or bearish break. A bullish bounce could indicate

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