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Fibonacci and wave targets for GBPUSD, USDJPY breakouts

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is still moving sideways in between strong layers of support (green) and daily resistance (red). The current wave count favors one more bullish push to complete wave C (blue) of larger wave Y corrections. 1 hour The EUR/USD price action remains choppy and any wave count is vulnerable to change. For the moment an ending 5 wave diagonal (overlapping waves) could be completing wave C. GBP/USD 4 hour The GBP/USD broke above the resistance trend line (dotted red)

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