USD/JPY returns to broken bottom via ABC zigzag

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD 4 hour The EUR/USD is building a downtrend with clear low lows and lower highs. However, deep Fibonacci support levels could still create a pause or bullish bounce. The wave count is vulnerable to change if price breaks below these levels. 1 hour The EUR/USD could have completed an ABC bearish zigzag (orange) down towards the wave X (purple) but a break above resistance is needed before the completion of the ABC becomes more likely. GBP/USD 4 hour The GBP/USD seems to have completed a

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