See also
The correction in wave ii dipped to the 78.6% corrective target before turning higher. We continue to look for more upside through resistance at 130.56 to confirm wave iii higher towards 134.24 and ultimately a continuation higher to the 135.42 target.
Short-term, we should see a temporary set-back to 129.05 and then renewed upside pressure towards short-term key-resistance at 130.56.
It will take an unexpected break below 127.93 to call for a revision of our bullish outlook.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
GBP/USD Analysis: The 4-hour chart of the British pound shows that a temporary corrective flat is forming within the dominant upward wave observed in recent weeks. The unfinished upward segment
EUR/USD Analysis: The hourly chart of the major euro pair shows a dominant upward wave since early February. The correction forming over the past three weeks is nearing completion
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