The USD/JPY seems to have carefully broke above the resistance (dotted red) of the downtrend channel (red/green), which could be a first signal that the wave 4 (purple) correction has been completed.
The USD/JPY has completed a 5 w
...The USD/JPY failed to break below the support trend line (green) of the downtrend channel (red/green) and instead price broke above an internal resistance trend line (dotted orange). The USD/JPY might have completed the wave 4 (purple) correction b
...The GBP/USD was unable to break the major support level (green) from 2016 and the 1.20 round level support. During the speech of British Prime Minister May regarding the Brexit out of the EU, the GBP/USD rallied strong and bounced +/- 400 pips. Pric
...The EUR/USD bounced at the 50% Fibonacci retracement of wave B vs A and it seems to be completing an ABC (green) zigzag within a wave 2 correction (brown). The wave 2 (brown) is invalidated if price breaks above the 100% Fibonacci level of wave 2 v
...The GBP/USD downtrend continues and is now testing the previous low on the daily chart of the year 2016, which dates back to October. A break below the support levels (blue/green) and psychological round level of 1,20 could see price test the Fibona
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