GBP/USD Retracement within Classical Uptrend Channel 2015.07.16
Srpanj 16, 2015 03:30
EUR/USD
4 hour
The EUR/USD continued with more downside momentum yesterday but price is running into major a weekly support level (green).
1 hour
The EUR/USD seems to be building a 2nd ABC zigzag (green) within wave X (lavender).
GBP/USD
4 hour
The GBP/USD has managed to stay above the broken resistance trend line (dotted red) and is now building a bullish trend channel (blue).
1 hour
The GBP/USD could retrace deeper within the 2nd wave (orange) but a break below the 100% level would invalidate the wave count.
USD/JPY
4 hour
The USD/JPY built a strong bullish momentum which could be the wave A (lavender) of a bigger ABC within wave X (green).
1 hour
The USD/JPY seems to be building a rising wedge chart pattern (blue and red lines) to complete a wave 5 (blue) of wave A (lavender).