EUR/USDAnalysis:The upward wave from September 3 to the present time demonstrates the completeness of its structure. The price has reached the lower limit of the wide potential reversal zone. In the last 3 days, the price moves down, forming a correction of the last part (C). The price is in the...
The break back below short-term key support at 142.41 confirmed that wave b completed already with the test of 144.36 and wave c lower now is unfolding for a decline to to the 137.31 - 137.57 area to complete wave iv or at least the first part of a more complex correction in wave iv. Short-term...
GBP/JPY continues to follow the expected path. We are currently in wave b of a zig-zag correction. We know the corrective formation must be a zig-zag as the decline from 147.96 to 141.14 (wave a) was in five waves. The current contra rally is wave b and it will ideally stall at the 61.8% corrective...
We have already seen the expected corrective decline to 142.39. GBP/JPY should be ready to challenge the upside again. We expect a rally above 143.43 that will confirm a continuation of the upside movement to 145.36 in order to complete wave b on the ongoing a-b-c correction. The correction is...
GBP/JPY continues following the expected path higher in wave b. When the wave was completed just below our expected target-zone between 141.36 - 141.42 (the low was seen at 141.14), GBP/JPY moved higher. The corrective rally took over wave b. The ideal target for this b wave is seen at 145.36. From...
Trading RecommendationEntry: 142.875 Reason for Entry: breakout levelTake Profit : 1.27253Reason for Take Profit: 38.2% Fibonacci retracement, horizontal swing low support Stop Loss: 144.223Reason for Stop loss:Horizontal swing high resistance, 61.8% Fibonacci retracementThe material has been...
Trading Recommendation
Entry: 142.875 Reason for Entry: breakout level
Take Profit : 1.27253Reason for Take Profit: 38.2% Fibonacci retracement, horizontal swing low support
Stop Loss: 144.223Reason for Stop loss:Horizontal swing high resistance, 61.8% Fibonacci retracementThe material has been...
Hello again!
Taking advantage of the closure of markets due to the celebration of Christmas, it is possible to consider currency pairs that are usually deprived of attention. One of these pairs, in my opinion, is the pound/yen cross rate. Those who are not beginners are well aware that this is...
GBP/JPY spiked to a high 1.4773 as the Conservative Party won the election and Brexit finally seems to be finalized. The spike to 1.4773 completed red wave v and black wave iii and a correction in black wave iv are now unfolding. The first part of this correction indicates that a minor five wave...
Trading RecommendationEntry: 142.875Reason for Entry: previous breakout level, 23.6% Fibonacci retracementTake Profit : 141.020Reason for Take Profit: horizontal overlap support Stop Loss: 144.223Reason for Stop loss:horizontal swing high resistance The material has been provided by InstaForex...
