Hello trader,
Please find below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.
EUR/USD
The EUR/USD broke the key support zone and is building a bearish channel with a steep angle. But price needs to at least reach the 161.8
...GBP/USD
4 hour
The GBP/USD bearish trend continued yesterday with a new lower low but price action seems to be slowing down. Price action looks more corrective in the most recent channel (orange/blue lines) as price approaches the critical 1.35 round level, which could be
...USD/JPY
4 hour
The USD/JPY uptrend channel reached the 110 round level and 38.2% Fibonacci level of potential wave D (light purple) and price seems to be moving away from this target. The direction of the USD/JPY however will depend on how price will respond to the channe
...USD/JPY
4 hour
The USD/JPY is in an uptrend channel which is now approaching the 110 round level and 38.2% Fibonacci level of potential wave D (light purple). This could be a new bounce or break spot. A bullish breakout could see price make a continuation towards the 50
EUR/USD
4 hour
The EUR/USD bearish momentum broke below a key support zone (dotted green) but did not yet reach the 161.8% Fibonacci target which is the minimum for an impulsive wave 3. Price usually goes further than this Fib target. The reason for this is because price
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