EUR/USD Moving to Wave 5 Target (Weekly Forex Overview 22-26 Jan ’18)

January 22, 2018

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)

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

 

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