EUR/USD
4 hour
The EUR/USD showed strong bearish momentum yesterday which could indicate a continuation of the downtrend if price manages to break below the previous bottom. In that case, price could be aiming at the weekly 50% Fib at 1.1450. A bullish bounce at support
...GBP/USD
4 hour
The GBP/USD remains in a downtrend channel but the bearish momentum is weakening. Price is in a difficult spot because both the bullish correction and downtrend continuation are equally likely. That said, the wave count is favouring a larger corrective zone
...GBP/USD
4 hour
The GBP/USD showed a strong rally after reaching 1.31 support. Will price continue the bullish correction or will the downtrend emerge as the winner? For the moment a larger move up seems likely, at least towards the 23.6% Fib at 1.34. This is a major decis
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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 at Admiral Markets.
EUR/USD
The EUR/USD bounced at the support trend li
...USD/JPY
4 hour
The USD/JPY remains in a triangle chart pattern for the moment. A break below the support trend line (blue) could indicate a deeper correction within wave X (purple) whereas a break above the resistance trend line could end of wave X and start a bullish cor
