2020 | EURUSD | GBPUSD | USDJPY |
28 August | Wave Analysis Euro is currently bouncing off of a significant resistance level 1.18766. While the price is not able to successfully close above 1.18766, we are waiting for a clear sign of rejection from this level to pick a low risk sell position towards 1.17714. Should the price breaks and closes | Wave Analysis Despite the previous week's pin bar, the Britsih pound surged massively to the upperside and is currently approaching a major weekly resistance 1.33281, we don't expect the impulsive wave (c) to break beyond this resistance, however, if it does successfully close below 1.33281, then | Wave Analysis Earlier today, the US Dollar rallied to the upperside and is now above the upper trendline. As long as we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside with an ultimate target around 107.992. If the price breaks and closes |
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24 August |