US Dollar Bull Run Correction Running out of Steam 2015.04.22
Април 22, 2015 04:59
EUR/USD
4 hour
The EUR/USD could be expanding the wave Y (blue) correction with a wave WXY (magenta).
1 hour
The wave X (green) seems to be completed at the 61.8% Fibonacci retracement and price might be able to breakout towards the wave Y (green) Fibonacci targets.
GBP/USD
4 hour
The GBP/USD seems to have completed the wave X (green) and price could be heading towards the wave Y (green) Fibonacci targets.
1 hour
The channel helps support the bullish price action.
USD/JPY
4 hour
The USD/JPY bullish run could run out of steam at the 613.8% Fibonacci level of wave X (green).
1 hour
A triangle chart pattern has formed and the support (green) and resistance (red) could be key levels whether wave X (green) is completed or still in progress.