EURUSD

Due to the interest rate announcement on the Euro later today, the wave count is vulnerable to change. Price bounced off of the bottom of the downtrend channel yesterday and seems to have completed waves 5 (light blue & magenta).

4 hour EURUSD:

EURUSD

The EURUSD was unable to break through support yesterday and is currently making a rally above the 1 hour downtrend channel (orange lines).

60 min EURUSD:

EURUSD


GBPUSD

The GBPUSD break of support (green line) has been slow so far and thus the wave count has been changed to a corrective WXY (blue) wave count (although vulnerable to change).

4 hour GBPUSD:

GBPUSD

Price is currently in a range on the hourly chart (purple lines).

60 min GBPUSD:

GBPUSD


USDJPY

The USDJPY was unable to break the 110 resistance level (red) and is retracing downwards quickly. A wave 3 (red) seems to have completed at 110.

4 hour USDJPY:

USDJPY

The USDJPY is behaving choppier with the 110 resistance close by, which is indicated by the trend lines (magenta). The wave count is subject to change depending on how price reacts to the 110 resistance zone.

60 min USDJPY:

USDJPY

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