USD/JPY
4 hour
The USD/JPY broke below the support trend line (dotted green) but price still needs to break the bottom (green line) before a continuation within C (blue) becomes more likely. In that case a fall towards the Fib targets of wave C could occur whereas a bulli
...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
...USD/JPY
4 hour
The USD/JPY bearish momentum is probably a wave A (blue), which is part of larger ABC zigzag. A bullish break above the resistance trend lines could indicate that the bearish wave A (blue) is completed and that price will retrace as part of a bullish ABC co
...EUR/USD
4 hour
The EUR/USD bounced at the resistance trend line (red) as expected in yesterday's wave analysis. The bearish bounce indicated a continuation of the downtrend for a new lower low. Price is now challenging the support trend line which is new bounce or break
...EUR/USD
4 hour
The EUR/USD challenged and broke below the 1.1750 support zone and price continued with the downtrend yesterday. Price would need to break below the support trend line (green) and 1.1675 before a new bearish continuation could be expected whereas a bullish
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