Admiral Markets - Analytics

    Admiral Markets

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    EURUSD and GBPUSD bearish break with bullish bounce


    4 hour

    The EUR/USD approached the 50% Fibonacci level. A break above resistance could see build a potential breakout. If it fails, then a bigger bearish retracement could commence.

    1 hour

    The resistance trend line (orange) could behave a bounce or break spot.


    4 hour

    The GBP/USD respected the 78.6% Fibonacci level. Price needs to break resistance trend line (orange) before the chances of a wave Y (blue) developing increase.

    1 hour

    A break below the 100% Fibonacci level invalidates the wave count.


    4 hour

    The USD/JPY broke support (dotted green) but is not showing a lot of momentum at the moment.

    1 hour

    The USD/JPY is in a contracting triangle chart pattern.

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