USDJPY prolongs bearish decline with more Fibonacci targets below

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD bullish price action could not break the strong daily resistance zone (red levels) and the psychological round level of 1.15. Price has now moved back to support levels (green), which is a bullish bounce or bearish break spot. 1 hour The EUR/USD is now caught in between various support and resistance levels. A bearish break could indicate that wave C (blue) is completed and a bullish break could indicate that wave C (blue) is still developing. GBP/USD 4 hour The

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