GBP/USD
4 hour
The GBP/USD is moving lower in a strong downtrend channel. Price could show a bearish continuation within wave 1 (pink) but eventually a bullish ABC correction is expected within wave 2 (pink). Price usually retraces to deeper Fibonacci levels such as the 5
...GBP/USD
4 hour
The GBP/USD made a bullish retracement back to the resistance trend line within the larger downtrend channel. A bearish bounce at the channel resistance could send price lower within a potential wave 1 (or A) but a bullish breakout however could indicate th
...USD/JPY
4 hour
The USD/JPY managed to break above the rising wedge chart pattern and 38.2% Fibonacci resistance level at 108. Bullish momentum took price close to the 50% Fib, which is a new bounce or break spot. A new bullish breakout could indicate a potential breakout
...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/
EUR/USD
The
...USD/JPY
4 hour
The USD/JPY is in a bullish channel but the price action remains corrective and weak. The upside can also be seen as a rising wedge reversal chart pattern due to the weak angle of the resistance trend line (red). Price is approaching a key break or bounce s
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