Hello trader,
Here are this week's wave analyses on the EUR/USD, GBP/USD, and USD/JPY daily, weekly, and monthly charts.
The EUR/USD bullish reversal near 1.13 seems to confirm the end of a bearish wave 5 (pink) within potential wave A (light purple). The bullish b
...4 hour
The GBP/USD is challenging the support trend line (blue) after bouncing at the 38.2% Fibonacci retracement level. A bearish breakout below the support could confirm the continuation of the dow
...4 hour
The USD/JPY broke the resistance trend line (dotted red) as expected in yesterday's wave analysis. The bullish breakout is probably part of a larger bearish WXY (pink) correction, which could
...4 hour
The USD/JPY has probably completed the bearish swing if it manages to break above the resistance trend line. A bullish breakout could indicate the end of the wave Y (purple) of wave W (pink) a
...4 hour
The USD/JPY is making a lower low as expected after breaking below the support trend lines (dotted blue). The bearish breakout could be aiming for the -27.2% Fibonacci target at 109.25, or the
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