By Admiral Markets
The EUR/USD completed its 4th wave after a bullish breakout above the resistance levels. It is now in an uptrend and aiming for the next -27.2% Fibonacci target at 1.25. The GBP/USD is in the same position with a bearish correction in a bullish trend. The USD/JPY could be in a reversal spot, check out the video to see which time frames are the best to analyse bullish and bearish breakouts.
Watch the 10 min video here:
Many green pips,
Chris Svorcik
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Article by Admiral Markets
Source: EUR/USD Moving to Wave 5 Target (Weekly Forex Overview 22-26 Jan ’18)
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