GBP/USD: last bullish 'Pennant' has been broken
The 55 Moving Average acted as resistance. Therefore, we're going to have a bearish correction towards the closest support...
USD/JPY falling inside the C-wave
- USD/JPY falling inside the C-wave
- Next sell target - 108.30
USD/JPY continues to fall inside the C-wave of the sharp intermediate ABC correction (2) from the start of November. The active C-wave earlier broke through the support area lying between the key support level 111.00 (which stopped the A-wave of the active ABC correction (2)) and the 50% Fibonacci correction of the previous upward impulse wave (1) from last September. USD/JPY is expected to fall further toward the next sell target at the next support level 108.30.
Dmitry Chernovolov
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