The GBP/USD bullish momentum is strong and probably part of a wave 3 (blue). The resistance line (orange) is a potential resistance from the daily chart.
The GBP/USD is building a bull flag chart pattern (red/blue), which is a contin
...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 EUR/USD made a bullish bounce at the 100% Fibonacci level of wave C (red). Price will need to break above the resistance trend line (red) before the completion of wave 4 (blue) could become more likely.
The EUR/USD completed 5 i
...The USD/JPY bullish momentum broke above the resistance trend line (dotted brown) but price has a strong horizontal resistance level nearby (red). Price seems to be building 5 (blue) bullish waves within wave 1 or wave A.
The USD/JP
...The GBP/USD has broken above the resistance trend line (dotted orange) and previous top and is confirming its bullish momentum within waves 3 (purple and blue). A continuation of the bullish momentum seems likely even if a larger correction takes pl
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