Please find below this week's wave analysis for the EURUSD, GBPUSD and USDJPY daily, weekly and monthly charts.
EUR/USD
The EUR/USD currency pair is probably completing an ABC pattern (purple) within an expanded wave W (pink) correction of a larger wave B (light purple) c
Source: Admiral Markets MT5 with MT5SE Add-onUSD/JPY motive wave – 24 September 2018 at 4:00 AM GMT
The USDJPY bounced at the support trend line (green) of the bullish channel after a bearish bounce at the 88.6% Fibonacci resistance retracement level. The pr
Source: Admiral Markets MT5 with MT5SE Add-onUSD/JPY motive wave – 21 September 2018 at 4:00 AM GMT
The USDJPY stayed in the bullish channel and broke above the resistance trend line (dotted orange) and the 78.6% Fibonacci retracement level for a continuati
Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave – 20 September 2018 at 4:00 AM GMT
The GBP/USD tested and bounced at both the support (blue) and resistance (red) trend lines of the bullish trend channel. The price did not break below the ch