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GBP/USD Triangle Pattern Prepares for Critical Breakout


GBP/USD

4 hour

The GBP/USD remains stuck in between support (blue) and resistance (red) and a breakout is needed to indicate the new direction. A bullish breakout above resistance (red) could spark the continuation of wave 5 (blue) within wave C (purple) whereas a bearis

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EUR/USD Breaks Support Trend Line and Expands Wave 2 Correction


EUR/USD

4 hour


The EUR/USD broke below the support trend line (dotted blue) which makes a larger bearish correction more likely. The correction is probably part of a larger wave 2 (purple) correction, as long as price stays above the 100% Fibonacci level. A bullish brea

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EUR/USD, GBP/USD Bounce at Previous Tops within Wave 4 Patterns


GBP/USD

4 hour

The GBP/USD made a break and pullback above the long-term resistance trend line (dotted red) and is now testing a lower time frame resistance level. The next break could be a bullish continuation within wave 5 (blue). Price will need to stay above the supp

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GBP/USD Key Bullish Breakout Must Stay Above 1.39


GBP/USD

4 hour

The GBP/USD has broken above the long-term resistance trend line (dotted red), which makes a bullish continuation likely within wave 5 (blue). Price will need to stay above the support trend lines (blue) otherwise the uptrend is in danger.

1 hour

The GBP/USD

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Major Currency Pairs Close to Breaking Trend Lines


EUR/USD

4 hour



The EUR/USD is in a large consolidation zone and the new direction will depend whether price breaks above resistance (red) or below support (green). A bullish breakout would confirm the expected wave 5 pattern.

1 hour

The EUR/USD is building a channel whic

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