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GBP/USD, USD/JPY Challenge S&R At 120 And 104.50

Discussion in 'Technical Analysis' started by Kaitlin, Oct 17, 2016 at 7:43 AM.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD built a lower low but seems to be bouncing at 1.0960 as price breaks away from the consolidation zone in a downtrend. At this moment a bearish ABC zigzag (green) within a larger contacting triangle (wave d green) seems the most likely but if the breakout below wave[​IMG]

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