Wave Count Prior to NFP Event and its Potential Direction on EUR/USD 2015.04.03
April 03, 2015 04:56
EUR/USD
4 hour
The NFP event on Friday will heavily impact the price movements of the EUR/USD and all other currency pairs.
1 hour
Price seems to be making a zigzag correction (ABC purple).
GBP/USD
4 hour
The GBP/USD price action will be very dependant on the NFP figures and the wave count is vulnerable to change depending on that.
1 hour
The GBP/USD average movement has slowed down before the NFP event.
USD/JPY
4 hour
Also the USD/JPY is no exception and its price action will be very dependant on the NFP figures as well.
1 hour
The wave count is vulnerable to change if price breaks above the resistance (yellow-orange).