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EURUSD And USDJPY Shallow Pullbacks Expected, GBPUSD Huge Momentum

Discussion in 'Technical Analysis' started by Kaitlin, May 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD downtrend channel (red/green) remains intact and yesterday price broke another bear flag chart pattern (dotted green). Price has now reached the 127.2% Fibonacci target. Both an ABC (blue) or a 123 (purple) are possible but the 123 (purple) becomes more likely as price reaches lower Fibonacci targets especially[​IMG]

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