GBP/USD
4 hour
The GBP/USD is moving sideways at the 50% Fibonacci level of potential wave 4 (green) retracement. The support and resistance level of this consolidation zone are key zones for a bullish or bearish breakout. A bearish break could indicate that the current r
...USD/JPY
4 hour
The USD/JPY seems to be building a larger consolidation zone, which could be explained by a wave 4 correction (blue). Price did break above a resistance trend line (red) but price still remains below shallow Fib levels such as the 38.2-50% Fibs. A bullish b
...EUR/USD
4 hour
The EUR/USD is still challenging the support line (blue), which is a key bounce or break spot. The bearish retracement is either completing a wave 2 (purple) or a wave A of larger bearish ABC (brown). If price breaks above the resistance (red), it will be
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
...GBP/USD
4 hour
The GBP/USD is testing the Fibonacci levels of the potential wave 4 (green) retracement. Price is a key support zone due to the 50% Fib, 1.40 round level, long-term moving average, and support trend line (blue). A bullish bounce could see price move up with
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