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technical analysis

GBPJPY Has Cycle Wave y Ended?

The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave y. This wave takes the form of a double zigzag consisting of primary degree sub-waves Ⓦ-Ⓧ-Ⓨ. The last actionary wave Ⓨ is currently…

AUDUSD Did Cycle Intervening Wave x

The current structure of the AUDUSD pair eyes the construction of a triple zigzag consisting of cycle degree waves w-x-y-x-z. On the chart, we can see the end of the actionary wave y, after which the market formed a bearish intervening…