The EUR/USD broke below the rising wedge chart pattern (red/green) trend lines without breaking the resistance top (red), which means that the wave 2 (purple) has not been invalidated as yet. The EUR/USD is now testing the next support (blue) level
...The GBP/USD is in an uptrend channel indicated by the support (green) and resistance (red) trend lines. Price seems to be breaking above the 61.8% Fibonacci level which means that price could test the next Fib at 78.6%.
The GBP/USD is
...The US Dollar is struggling to show any signs of strength as the EUR/USD keeps pushing higher and higher in a bullish trend channel (red/blue lines). A push above the horizontal resistance (orange) invalidates the wave 2 (purple), which seem
...The GBP/USD turned at the 50% Fibonacci level of wave E (green) but a larger bullish correction via a WXY (blue) seems likely at this point. The Fibonacci levels of wave X (blue) could therefore be bouncing spots.
The GBP/USD seems to
...The USD/JPY is building a potential pull back and the 78.6% Fibonacci retracement level could be a support level. A break below the 100% Fibonacci level invalidates wave 2 (blue/brown).
The USD/JPY could be in a wave 5 (pink) of wav
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