Did GBP/JPY Complete the Zig Zag Correction?

The GBP/JPY was seen attempting to complete an ABC correction yesterday, in the terminal wave of wave C.

Wave C could be complete now, and a bullish impulse count can be anticipated.

However, if the market breaks below 131.32, we might have another decline towards 130.00, before completing this last leg of

Fundamental Change or an Overdue Correction The Week in Review

An overbought market in commodities, an oversold dollar and concern that the US economy might be slowing brought the commodity market run to a crashing halt this week. Euro traders waited for the word from the ECB, when Jean Claude Trichet the ECB President indicated on Thursday that the central

Forex: Euro Correction To Gather Pace As ECB Delays Exit Strategy, All Eyes On U.S. Non-Farm Payrolls

The Euro sold off during the press conference with European Central Bank President Jean-Claude Trichet, and the near-term correction in the single-currency may gather pace going into the end of the week as the central bank softens its hawkish outlook for monetary policy.

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.