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/
The GBP/USD is probably still in a wave 4 (green) correction. A break above the resistance (red) could indicate a bullish rally whereas a bearish break below support (green) would make this wave analysis unlikely and could indicate a potential downt
...The EUR/USD continued to move lower within the bearish channel but price has now reached the 38.2% Fibonacci level of wave 4 (purple). This could be a potential bounce spot if price does complete the wave 4 correction. A break above resistance (re
...The EUR/USD bounced at the support trend line (green), which could indicate that the WXY (blue) correction within wave 4 (purple) has been completed. A break above the resistance trend lines (red) would confirm the end of wave 4 and could indicate
...The EUR/USD is building a larger WXY (blue) correction within a wave 4 (purple) unless price breaks below the 50% of wave 4 vs 3. The Fibs and the previous top (green) could provide potential support. A break above the resistance (red) could indic
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