The EUR/USD has made a bearish turn at the 78.6% Fibonacci level of wave 2 vs 1 (brown) and has broken below the support of the rising wedge chart pattern (dotted blue). This bearish break could be a wave 1 (blue) of wave 3 (brown). The alternative
...The EUR/USD has reached the 78.6% Fibonacci level of wave 2 vs 1 (brown) and is also building a rising wedge chart pattern (orange/blue), which is a potential reversal signal. Another major bearish resistance level is at 1.08-1.0810 which is the 88
...The USD/JPY is retracing back to the Fibonacci levels of wave 4 (purple) which could act as potential bullish support levels.
The USD/JPY is in a bearish triangle (orange/blue) within a downtrend channel (red/green). A breakout abov
...The GBP/USD seems to be building an ABC zigzag (blue) and price is moving towards the Fibonacci levels of wave C vs A. Within wave C (blue) price seems to be building a 5 wave (orange) structure.
The GBP/USD broke above the 1.25 resis
...The EUR/USD broke above the resistance trend line (dotted red) and is moving up towards the 78.6% Fibonacci retracement level of wave 2 vs 1. Any price action above the 100% level invalidates the wave 2 (brown).
The EUR/USD is expa
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