EUR/USD

4 hour

The EUR/USD currently shows a bullish wave count with a potential WXY (purple). The invalidation level is the bottom of the triangle (green). Today’s FOMC statement could have a major impact on the US Dollar.

1 hour

A break above the resistance trend line (orange) could confirm the completion of wave X (purple).

GBP/USD

4 hour

Today’s FOMC statement could have a major impact on the US Dollar.

1 hour

The GBP/USD news release sent the GBP/USD higher, which has been labeled a wave A (magenta) due its momentum.

USD/JPY

4 hour

Today’s FOMC statement could have a major impact on the US Dollar.

1 hour

Price action was very impulsive during the wave A (purple) and the subsequent triangle is for the moment marked as wave B (purple) triangle unless price manages to break above the top.

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Please note that the update is posted with permission from Admiral Markets

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