US Dollar Bull Run Correction Running out of Steam

3 min read

EUR/USD

4 hour

22-04-2015eu4
The EUR/USD could be expanding the wave Y (blue) correction with a wave WXY (magenta).

1 hour

22-04-2015eu1
The wave X (green) seems to be completed at the 61.8% Fibonacci retracement and price might be able to breakout towards the wave Y (green) Fibonacci targets.

GBP/USD

4 hour

22-04-2015gu4
The GBP/USD seems to have completed the wave X (green) and price could be heading towards the wave Y (green) Fibonacci targets.

1 hour

22-04-2015gu1
The channel helps support the bullish price action.

USD/JPY

4 hour

22-04-2015uj4
The USD/JPY bullish run could run out of steam at the 613.8% Fibonacci level of wave X (green).

1 hour

22-04-2015uj1
A triangle chart pattern has formed and the support (green) and resistance (red) could be key levels whether wave X (green) is completed or still in progress.

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