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GBP USD Elliott Wave Analysis

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Can USD/JPY Continue with Downtrend After Bounce at 50% Fib?
Can USD/JPY Continue with Downtrend After Bounce at 50% Fib?
USD/JPY4 hour The USD/JPY bounced at the resistance zone and is now building a lower high. Price will need to break below support (green) before a bearish breakout is likely. 1 hour The USD/JPY is testing a resistance trend line (red). A bearish bounce could see price continue with the downtrend ...
0
USD/JPY bounces at strong resistance zone
USD/JPY bounces at strong resistance zone
USD/JPY4 hour The USD/JPY bounced at the resistance zone and is now building a lower high. Price will need to break below support (green) before a bearish breakout is likely. 1 hour The USD/JPY is testing a resistance trend line (red). A bearish bounce could see price continue with the downtrend ...
0
GBP/USD Reaches Key Decision Zone for Uptrend or Downtrend
GBP/USD Reaches Key Decision Zone for Uptrend or Downtrend
GBP/USD4 hour The GBP/USD broke below the previous top (dotted green) which indicates that the bullish wave pattern is invalidated. Price could either be building a larger WXY (blue) correction within wave 4 (green) or starting a new downtrend. 1 hour The GBP/USD is challenging the support trend ...
1
EUR/USD Continues Lower within Bearish Wave C
EUR/USD Continues Lower within Bearish Wave C
EUR/USD4 hour The EUR/USD is probably building a WXY corrective pattern within wave 4 (purple) unless price breaks below the support levels (green/blue), which could indicate that price has completed the 5th wave (purple) at the most recent high. 1 hour The EUR/USD seems to be in a bearish ABC (g...
1
EUR/USD Challenges Support Zone within Bearish Wave C
EUR/USD Challenges Support Zone within Bearish Wave C
EUR/USD4 hour The EUR/USD has either completed the 5th wave (purple) at the most recent high or price is expanding via a WXY corrective pattern within wave 4 (purple). 1 hour The EUR/USD is probably building a bearish ABC (green) zigzag when considering the strong bearish price action in wave A (...
1
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 19 February 2018
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 19 February 2018
Hello trader, Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USD The EUR/USD uptrend is buildin....
1
EUR/USD Bearish Momentum After Failure to Break Above Top
EUR/USD Bearish Momentum After Failure to Break Above Top
EUR/USD4 hour The EUR/USD failed to break above the previous top (red) and the bearish bounce is showing strong momentum. This could indicate that there is an expansion of the corrective pattern via a WXY (blue) within wave 4 (purple). A new break above 1.25 however would still make an uptrend cont...
1
Wave analysis of the GBP/USD currency pair for February 16, 2018
Wave analysis of the GBP/USD currency pair for February 16, 2018
Analysis of wave counting:Yesterday's trades of the GBP/USD pair began with the continuation of the upward movement that began on the eve of the day and, adding more than 110 pp in price, at the end of the day was able to test the level of the 41st figure. It can be assumed that the currency pair co...
2
Wave analysis of the GBP/USD currency pair for February 15, 2018
Wave analysis of the GBP/USD currency pair for February 15, 2018
Analysis of wave counting:Yesterday's attempt to resume the downward movement was not successful, and from the level of the 38th figure, the GBP/USD pair was able to add more than 200 percentage point in price. At the same time, there appeared grounds for considering the lows of the previous day as ...
2
EUR/USD Bullish Price Action Breaks Above 1.25 Resistance Zone
EUR/USD Bullish Price Action Breaks Above 1.25 Resistance Zone
EUR/USD4 hour The EUR/USD broke above the top and resistance zone at 1.25 (red), which is confirming an uptrend continuation. The uptrend could complete a wave 5 (purple) of a wave 3 (pink), which could leave space for one more potential wave 4 and 5 (pink). 1 hour The EUR/USD made a bullish brea...
2
EUR/USD Bullish Bounce Retests 1.25 Resistance Zone
EUR/USD Bullish Bounce Retests 1.25 Resistance Zone
EUR/USD 4 hour The EUR/USD bullish momentum is now approaching the previous top and resistance trend line (red). A break above the resistance could indicate an uptrend continuation within wave 5 (purple). A bull flag pattern or other chart pattern could indicate a pause before the breakout. 1 h....
4
EUR/USD Develops Bullish Momentum and Wave 3 Pattern
EUR/USD Develops Bullish Momentum and Wave 3 Pattern
EUR/USD4 hour The EUR/USD bullish breakout is continuing with momentum towards the previous top and next resistance trend line (red). A break above that could confirm a full uptrend continuation within wave 5 (purple). 1 hour The EUR/USD bullish breakout above the resistance levels and fractals o...
2
EUR/USD Bullish Breakout Above 1.23 Resistance and Bearish Channel
EUR/USD Bullish Breakout Above 1.23 Resistance and Bearish Channel
EUR/USD4 hour The EUR/USD broke above the resistance (dotted red) of the bearish trend channel after bouncing at support trend lines (blue), which could indicate the end of the wave 4 (purple) correction. A bullish continuation could indicate the start of wave 5 (purple) within wave 3 (pink). 1 ho...
1
Trade review for February 12 by simplified wave analysis
Trade review for February 12 by simplified wave analysis
Review and forecast for GBP / USD The major currency British pound continues to recover its rate, after the previous period of 2-year decline. The rising wave that began in October 2016 was able to form a new trend. Counter-moves only create short-term corrections within the main wave. After its com...
1
EUR/USD Bearish Channel Runs into 38.2% Fib and Divergence
EUR/USD Bearish Channel Runs into 38.2% Fib and Divergence
EUR/USD4 hour The EUR/USD bearish channel is challenging the Fibonacci levels of wave 4 (purple). The 38.2% Fibonacci retracement level is an often used reversal spot for wave 4s. A break above resistance (red/orange) could see the start of a wave 5 (purple). A break below the 50-61.8% Fib support...
1
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 11 February 2018
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 11 February 2018
Hello trader, Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USD The EUR/USD uptrend is buildin....
2
GBP/USD Bullish Spike Fails to Break 1.40 at First Attempt
GBP/USD Bullish Spike Fails to Break 1.40 at First Attempt
GBP/USD4 hour The GBP/USD is probably still in a wave 4 (green) correction. A break above the resistance (red) could indicate a bullish rally whereas a bearish break below support (green) would make this wave analysis unlikely and could indicate a potential downtrend. 1 hour The GBP/USD made a st...
1
EUR/USD Tests 38.2% Fibonacci Support at 1.2250
EUR/USD Tests 38.2% Fibonacci Support at 1.2250
EUR/USD4 hour The EUR/USD continued to move lower within the bearish channel but price has now reached the 38.2% Fibonacci level of wave 4 (purple). This could be a potential bounce spot if price does complete the wave 4 correction. A break above resistance (red/orange) could see the start of a wa...
4
EUR/USD, GBP/USD Bullish Reversals at Fibonacci Support Levels
EUR/USD, GBP/USD Bullish Reversals at Fibonacci Support Levels
EUR/USD4 hour The EUR/USD bounced at the support trend line (green), which could indicate that the WXY (blue) correction within wave 4 (purple) has been completed. A break above the resistance trend lines (red) would confirm the end of wave 4 and could indicate an uptrend continuation within wave ...
1
US Dollar Shows Mixed Signals of Weakness and Strength
US Dollar Shows Mixed Signals of Weakness and Strength
EUR/USD4 hour The EUR/USD is building a larger WXY (blue) correction within a wave 4 (purple) unless price breaks below the 50% of wave 4 vs 3. The Fibs and the previous top (green) could provide potential support. A break above the resistance (red) could indicate an uptrend continuation within wa...
1
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 5 February 2018
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 5 February 2018
Hello trader, Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USD The EUR/USD uptrend channel wa...
1
EUR/USD Builds Triangle Pattern in Wave 4 Correction
EUR/USD Builds Triangle Pattern in Wave 4 Correction
EUR/USD4 hour The EUR/USD failed to break above the previous top (red), which means that price could now be building a larger WXY (blue) correction. A break below the support trend line (blue) could indicate a deeper correction at the Fibonacci levels of wave 4 (purple), unless price breaks below ...
1
Wave analysis of the GBP / USD currency pair for February 2, 2018
Wave analysis of the GBP / USD currency pair for February 2, 2018
Analysis of wave counting:Having started yesterday's European session with an upward movement, the GBP/USD pair was able to add more than 100 pp in the price. It worked out the level of 1.4275 at the end of the day. The resulting wave situation allows us to assume that the currency pair can signific...
1
EUR/USD Bullish Price Action Faces 1.25 Resistance Again
EUR/USD Bullish Price Action Faces 1.25 Resistance Again
EUR/USD4 hour The EUR/USD is now challenging the previous top (red). A bullish breakout would confirm the development of a wave 3 (blue) of a wave 5 (purple). A failure to break could indicate a bullish ABC rather than a 123. In that case the correction could take price below the support trend lin...
1
Trade review for February 1 by simplified wave analysis
Trade review for February 1 by simplified wave analysis
Review and forecast for GBP / USDThe major currency British pound continues to restore its lost positions over the past years. In the middle of last month, the price of the GBP/USD pair broke the upper limit of the potential reversal zone. The structure of the downward wave that began earlier was br...
1
EUR/USD Completes Wave 2 and Prepares for Bullish Wave 3
EUR/USD Completes Wave 2 and Prepares for Bullish Wave 3
EUR/USD4 hour The EUR/USD challenged the short-term resistance trend line (red) but failed to break and made a new retest of the support trend line (blue). Price bounced at the support trend line, which could be part of a wave 2 (blue) pullback. A bullish breakout could start a bullish wave 3 (blu...
2
EUR/USD Bullish Bounce and Breakout after ABC Pattern
EUR/USD Bullish Bounce and Breakout after ABC Pattern
EUR/USD4 hour The EUR/USD bearish retracement seems to have ended after bouncing at the support zone and trend lines. The bearish wave C (blue) did not manage to break the bottom of wave A by much before price continued moving higher. The bullish break above the resistance trend line (red) is prob...
2
EUR/USD, GBP/USD Break Below Shallow 23.6% Fibonacci
EUR/USD, GBP/USD Break Below Shallow 23.6% Fibonacci
EUR/USD4 hour The EUR/USD continued with building a bearish retracement as part of a potential wave 4 (purple). Price has slightly broken below 23.6% Fibonacci level of wave 4 vs 3, which could still act as a support level. But a full bearish breakout could indicate that deeper Fibs like the 38.2%...
1
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 29 January 2018
​​Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 29 January 2018
Hello trader, Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USD The EUR/USD bullish momentum....
1
EUR/USD, GBP/USD Develop Bearish ABC Corrective Patterns
EUR/USD, GBP/USD Develop Bearish ABC Corrective Patterns
EUR/USD4 hour The EUR/USD is building a bearish retracement within a potential wave 4 (purple). The Fibonacci levels of wave 4 vs 3 could act as support levels for a continuation within the 3rd wave (pink). A break below the 50% Fib makes a wave 4 less likely. 1 hour The EUR/USD is building a cor...
1
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