Admiral Markets - Analytics

Admiral Markets

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EURUSD Breaks Below 3 Week Consolidation


4 hour EURUSD: the EURUSD bearish break the consolidation bottom (dotted green) could mean that the wave 5 (purple) of the bigger wave 5s (magenta & blue) of wave (green) has started.


60 min EURUSD: a break below support (green) is needed before wave 2 (blue) could be considered completed.

GBPUSD


4 hour GBPUSD: the GBPUSD is most likely a bearish correction to complete a wave X (blue) at one of the Fibonacci levels.


60 min GBPUSD: an expansion of a bigger WXY (green) could occur within the wave X (blue).

USDJPY


4 hour USDJPY: a bullish long-term breakout could occur if price manages to push above the 120.50-120.80 resistance zone.


60 min USDJPY: the wave X (blue) could stop at any of the Fibonacci levels.



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