EURUSD During the release of the NFP figures the EURUSD fell back to the bottom of the downtrend channel (blue. 4 hour EURUSD: The EURUSD is approaching a
EURUSD
During the release of the NFP figures the EURUSD fell back to the bottom of the downtrend channel (blue.
4 hour EURUSD:
The EURUSD is approaching a cluster of Fibonacci targets (61.8%/green and 261.8%/blue).
60 min EURUSD:
GBPUSD
The GBPUSD is trending down but slower than an impulsive wave typically does. The wave count is therefore still set on a corrective outlook but it could change if price manages to keep making lower lows.
4 hour GBPUSD:
During the release of the NFP figures price could have completed a 5 wave (orange) of wave c (purple).
60 min GBPUSD:
USDJPY
Whether the USDJPY has completed its wave 4 (red) correction is the key question. Usually wave 4’s tend to expand into bigger zones so a break of the 110 resistance (red line) could take a while.
4 hour USDJPY:
I am expecting an ABC correction (purple) which completes wave 4 (red).
60 min USDJPY:
Original Article: Admiral Markets
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