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GBPUSD & USDJPY Break Trend Lines and Expand Corrections

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD is in a corrective sideways zone marked by support (green) and resistance (red). 1 hour The EUR/USD has a support (green) and resistance (orange) trend line nearby. A break above resistance could see price continue higher as part of wave 5 (blue). GBP/USD 4 hour The GBP/USD could be building an ABC (pink) correction within a potential wave 4 (blue). 1 hour The GBP/USD broke above resistance (dotted orange) as part of a bigger bullish bounce. USD/JPY 4 hour The

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