EUR/USD's Wave X, GBP/USD's Wave 4, USD/JPY's Wave B

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD seems to be in a larger correction (WXY). A move lower seems unlikely to break the Fibonacci levels of wave X (green). 1 hour The EUR/USD bullish bounce has so far been slow. If price breaks below support (green), it could fall towards the next 61.8% or 78.6% Fib. If price breaks above resistance (orange), it could rise towards the next resistance (red). GBP/USD 4 hour The GBP/USD seems to be in sideways wave 4 (blue). A bearish break could see price fall towards the

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