EURUSD

The European Central Bank’s (ECB) decision to increase their Quantitative Easing (QE) program or not will have an impact on the volatility and direction of the Euro (QE will most likely further weaken the Euro).

4 hour EURUSD:

EURUSD

The EURUSD could be in a smaller wave 2 (light green) but it is highly vulnerable to change after todays news event.

60 min EURUSD:

EURUSD


GBPUSD

The GBPUSD reacted bearish to the Bank of England’s bank rate vote but ultimately did not push through the bottom.

4 hour GBPUSD:

GBPUSD

The GBPUSD seems to have stopped for the wave X (blue) at the support trend line (green) and is bouncing up to higher levels for a wave Y (blue).

60 min GBPUSD:

GBPUSD


USDJPY

This current wave count is assuming that the wave 4 correction (magenta) has not yet completed and has placed a wave X (purple) at the most recent top. An alternative variant could be a contracting wedge (ABCDE).

4 hour USDJPY:

USDJPY

The USDJPY 1 hour chart is at a point where it could correct higher to resistance or fall to support with equal probability.

60 min USDJPY:

USDJPY

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