Hello trader,
Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets: https://admiralmarkets.com/analytics/
EUR/USD
The E
...GBP/USD
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave
The GBP/USD made a strong bullish bounce at the 78.6% Fibonacci level of wave X vs W, which was also an inverted head and shoulders reversal pattern (purple boxes). The bullish momentum seems
...USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD JPY motive wave
The USD/JPY bullish momentum is continuing higher and seems to be on its way towards the -27.2% Fibonacci target. The bullish swing could complete a wave C of a larger WXY correction in wave D
...USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD JPY motive wave
The USD/JPY broke above the next major resistance trend line (dotted red) as well with strong bullish momentum. The impulsive price action could indicate a larger push higher towards the -27.2
...USD/JPY
4 hour
The USD/JPY showed a bullish breakout yesterday above the resistance trend line (dotted orange) but price failed to break the channel resistance (red). The USD/JPY however could now be building a bearish pullback with the bullish trend as indicated by the b
