GBP/USD
4 hour
The GBP/USD bearish bounce at resistance (brown) confirmed wave W (orange) and price has retraced back to the 38.2% Fibonacci support level of wave W vs X (orange). Price is moving between support (blue) and resistance (brown) and could be close to completi
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The EUR/USD is finally breaking above the resistance trendline (dotted red) after having built divergence between the bottoms (purple line). This bullish breakout could spark a retracement within wave 2 vs 1 (green).
The EUR/USD built
...USD/JPY
4 hour
The USD/JPY broke below the support trendline (dotted green) and has now reached the 50% Fibonacci support level of wave 4 vs 3 (purple). This is an important decision zone because a bullish bounce would confirm the current wave 4 (purple) structure, wherea
The USD/JPY is probably continuing with an ABC zigzag (brown) towards the 50% Fibonacci support level of wave 4 vs 3 (purple). Currently price action is building a sideways zone, which is indicated by the trend lines: support (green) at 110 and res
...The EUR/USD broke the support level of the sideways consolidation zone (dotted blue/red) and price made a bearish breakout towards the next support trend line (green). The range has been labelled a wave 4 (orange) due to the shallow pullback. The w
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