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EUR/USD, GBP/USD corrective channels control price action landscape - Your capital is at risk
http://www.admiralmarkets.com/analyt...tion-landscape

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The EUR/USD is consolidating within a bearish pennant after a drop caused by Brexit price action. Traders should pay attention to 2 POCs and a possible X cross breakout just below the pennant. POC1 comes within 1.1120-35 zone (previous double bottom, historical sellers) while POC2 marks 1.1168-85 zone (H3, EMA89, the pennant top,50.0). Rejections from any of POC will aim for possible pennant breakout -1.1080. Breakout and 4h close below 1.1080 will take the pair down towards 1.1030-25 zone. Only below 1.1100 the fiber will target 1.0935.

Will EUR/USD, GBP/USD follow the example of USD/JPY breakout? - Your capital is at risk
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2016eu4.png
The EUR/USD is respecting the 50% Fibonacci retracement level of wave 2 (brown). A bearish breakout below the support (light green) of the bull flag chart pattern could spark the start of a wave 3 (brown) as seen on the USD/JPY as well earlier this week. A bullish push still faces major opposition from the other Fibonacci resistance levels of wave '2 vs 1'.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2016eu1.png
The EUR/USD is building a triangle chart pattern (light green & red) within the bear flag pattern (orange/green lines). The breakout of the triangle, however, quickly encounters support and resistance from the bear flag.
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2016gu4.png
The GBP/USD is still building a consolidation at the 100% Fibonacci target of wave 'C vs A'. Strong break below the support trend line (green) could see price continue with its bearish momentum towards the next 127.2% Fibonacci target.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2016gu1.png
The GBP/USD keeps moving sideways as the bear flag chart pattern (green/red lines) becomes larger and larger. For the moment a wave 1-2 (green/pink) explains the wave structure the best unless price breaks above the red trend line, which would most likely indicate an expansion of the wave 4 (blue).
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2016uj4.png
The USD/JPY broke the smaller support trend line (dotted green). Due to the proximity of the bottom of the downtrend channel, this could be a pullback for a further correction to the upside or a simple trend continuation. A break below the 100 price level increases the chances of a breakout towards the 61.8% Fibonacci support at 95 whereas a bounce at or above 100 could indicate larger wave B (green) or change of wave structure (once above 100% at 106.84).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2016uj1.png
The USD/JPY break of the channel (dotted green) could indicate bearish momentum. This could be best explained by a potential wave 3 (pink).
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Yesterday's recap . I advise protecting profits. EURUSD dropping from POC suggested by yesterday webinar and analysis

The NZD/JPY pair is technically in uptrend and after bearish divergence tanked the pair, it is now consolidating at support. It will either go up from this zone, or it will drop towards lower levels. POC (L3, WPP, lower equidistant channel trend line) is 73.15-00 zone and the bounce from this level will target 73.50, 73.00 and 74.25. If the pair drops below 73.00 targets will be 72.80, 72.30 and 72.05. The pair should move during NY and Wellington session because GDT price index ( leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income ) is expected to be released today although the time is tentative. *Your capital is at risk

Attached Image (click to enlarge)

GBP/USD plunges below 1.30 support after historic breakout - your capital is at risk
http://www.admiralmarkets.com/analyt...ric-breakout-1
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2016gu4.png
The GBP/USD broke the consolidation pattern by pushing below the support trend line (dotted green). Price is now in a bearish momentum heading towards the bearish Fibonacci targets.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2016gu1.png
The GBP/USD has reached the 161.8% Fibonacci target of wave '3 vs 1', which could be the spot where a wave 3 (green) is completed. In that case price could retrace for a wave 4 (green) back to the Fibonacci retracement levels. The other scenario is that price continues with the bearish momentum towards the next Fibonacci targets of wave '3 vs 1'.

NJ hit all targets

The freedom of a Forex trader

GBP/USD in ABC consolidation within wave 4 - Your capital is at risk
http://www.admiralmarkets.com/analyt...-within-wave-4

NEW GBP/CAD analysis

EURUSD PRE NFP REPORT

Winners and Losers of the Brexit

The USD/CAD is advancing towards H4 camarilla PP 1.3091 after a W bullish breakout of H3 1.3066 level. If the pair breaks and closes above 1.3091 next targets are 1.3108-20 (double top, historical sellers) and 1.3140. Oil is dropping, SP500 hit a record overnight and price action suggests buying on pullbacks.
POC 1 is 1.3066 (W breakout, 23.6, H3), while POC2 is 1.3020-30 (DPP, trend line top, 61.8).Have in mind that L3 and EMA are also providing support at 1.3000-10 so there are fresh buyers waiting should we see a pullback. H4 is also bullish as we can see from our mini chart.

Pips, pips and more pips, business as usual

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