By Admiral Markets
Hi Traders,
The EUR/USD is facing key resistance at 1.18 which could be a bounce or break spot. A bullish breakout could indicate an uptrend whereas a bearish bounce could extend the wave C.
The GBP/USD is showing bearish price action but strong support trend lines still stand in the way. The daily chart could offer break options.
The USD/JPY could be in an uptrend if price manages to stay above 113.
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Many green pips,
Chris Svorcik
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Article by Admiral Markets
Source: Key Bounce or Break Decision Zones for Major Currencies
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