The GBP/USD downtrend continues with a new lower low after completing a wave 4 (blue) retracement.Price could fall towards the Fibonacci targets in the upcoming trading weeks and retest the previous bottom (green line).
The GBP/USD rema
...The EUR/USD is in a downtrend as long as price stays below the resistance (orange) trend line and the broken bottoms (dotted greens). At the moment, price is building a correction and it will need to break below support (green/blue) trend lines and
...The USD/JPY is in an uptrend but price is building a bearish retracement called a contracting triangle chart pattern. A break above the resistance level (red) could see price continue towards the Fibonacci targets.
The USD/JPY seems t
...The USD/JPY has built a bearish retracement within the uptrend. A break above the resistance level (red) could see price continue towards the Fibonacci targets.
The USD/JPY completed a shallow wave 4 pullback (orange) at the 50% Fibon
...The EUR/USD bearish break below the support levels (dotted green) is seeing a bullish retracement at the moment. A wave 3 (brown) now seems likely although price needs to push below the 100% level to confirm a wave 3. The broken support (dotted gre
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