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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 made a bearish bounce and reversal near the 38.2% Fibonacci retracement level, which seems to have completed a wave (pur
...4 hour
The EUR/USD is testing the support trend line (blue) of the bullish trend channel. A bearish breakout could indicate the end of wave A (purple) and the start of a wave B (purple), whereas a bu
...GBP/USD
4 hour
The GBP/USD made a bearish bounce at the previous top, and the price is now challenging the support trend line (blue). The price will remain indecisive when in between the triangle chart patte
...4 hour
Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave
The GBP/USD remains indecisive at the moment as the long price stays between the triangle chart pattern which is indicated by the support (blue), and the resistance (red) trend lines. A bearis
4 hour
The USD/JPY bullish momentum is challenging the previous resistance spot (orange line). A bullish breakout could see the price move up towards the Fibonacci levels, which could be a bearish bo
...
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