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EUR/USD
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave
The EUR/USD failed to break the resistance trend line (red) which could indicate a larger correction within wave B (blue). The Fibonacci levels of wave B vs A could act as potential support le
GBP/USD
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave
The GBP/USD broke above the resistance trend lines (dotted orange) and price is now challenging the top of the downtrend channel (red). A bearish bounce is more likely as price could be comple
GBP/USD
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave
The GBP/USD is challenging a key resistance trend line (orange) and a bullish breakout could confirm the ABC zigzag pattern (blue). Price needs to break above the downtrend channel before a la
Eventually a bearish bounce is expected due to the ABC zigzag pattern. Price should stop at the Fibonacci levels of wave B vs A whereas a break above 100% Fib level invalidates the bearish ABC.
USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wav
...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. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/
EUR/USD
The E
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