US Dollar Bounces and has Fibonacci Targets in Vision 2015.04.24
April 24, 2015 05:31
EUR/USD
4 hour
The EUR/USD did bounce at the support of wave X (green) yesterday and coudl be heading towards the Fibonacci targets of the wave Y's (purple and green).
1 hour
Yesterday's price action is most likely a bullish momentum and therefore labeled as a wave A (orange).
GBP/USD
4 hour
The GBP/USD is building on a strong bullish rally although caution is required when price approaches the bigger top (red horizontal line).
1 hour
The GBPUSD remains solidly entrenched in the uptrend channel (green).
USD/JPY
4 hour
The USD/JPY bullish run was unable to push above the resistance trend line (orange).
1 hour
The USD/JPY broke below the support channel (blue dotted lines) and is a bearish zone as long as price remains below the resistance line (red).