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English (International)
USD/JPY
4 hour
The USD/JPY broke below the support trend line (dotted blue) of the uptrend channel after failing to break above the previous top at 111.40. Price is probably expanding the wave X (pink) correction but price would need to break below the next support trend
USD/JPY
4 hour
The USD/JPY remains in an uptrend channel, although price action is becoming choppier and more corrective. A bullish break above the previous top at 111.40 could confirm the wave Y (pink) whereas a bearish break below the support trend lines (blue) could in
Hello trader,
Please find 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 EUR/US
...USD/JPY
4 hour
The USD/JPY bullish channel is breaking above a key resistance trend line (dotted red) of a triangle chart pattern, which could indicate a larger bullish continuation within wave Y (pink). A break above the previous top at 111.40 could confirm the wave Y of
EUR/USD
4 hour
The EUR/USD bounced strongly at the 1.15 support zone, as indicated in the wave analysis yesterday. The bullish reversal could be part of a larger wave B (pink) correction and price could move up now for an impulsive wave C (pink) in wave B (purple). In an
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