Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: developing correction
EUR/USD: developing correction

It's likely that wave [iv] is taking the form of a double three pattern. If so, wave (x) is going to test 2/8 MM Level. However...

USD/JPY:
USD/JPY: "Window" acted as support

We've got a pullback from the upper "Window", so there's a "Shooting Star". However, confirmation of this pattern is a quite weak, so...

GBP/USD: bearish
GBP/USD: bearish "Pennant" pattern

The main intraday target is the next support at 1.2997 - 1.2982. This area could be a departure point for a bullish price movement...

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