GBP/USD in Wave 4 and USD/JPY in Triangle

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD showed a bullish bounce yesterday from the 138,2 support Fib but price is now at a resistance level (orange) of the downtrend channel. This is a break or bounce for the EURUSD. A bullish break could see price retrace higher as part of wave Y (blue). 1 hour The EUR/USD upside could be the first part of a bullish momentum, which has for the moment been marked as a wave A (green). A break of the support trend line (green) could also indicate the continuation of the

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