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Forex Analysis (EURUSD, GBPUSD, USDJPY)


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Expect a rally towards 1.2503 and may break even higher. If this level should be broken to the lower side, then we expect a possible momentum to the lower side with our target being 1.2194. A break below 1.2320 will push the price further to the lower side with the next target being 1.2194. Wait for a possible buy position around 1.230 towards 1.2503.

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Weekly resistance level 1.4288.As long as the price remains below this level, we expect a possible rally to the lower side. We expect the previous drop in price to have been the unfolding of a corrective and should not go below 1.3601.

 

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Currently price is within the zone and expect a rejection of it within it for a possible bearish move towards the key line 104.64. Wait for a close within the zone to sell USD but case of a breakout below 104.64,wait for a correction to it then continue short with USD.

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  • 5 months later...

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 while the price is below the resistance zone 1.1853-1.1824, it will estimate the rally to the lower side towards 1.1344. Meanwhile, it could be to wait for a break below support at 1.1539 or a bounce from it followed by a correction to 1.1853-1.1824 to resell EUR. wait for correction before you take a long position towards 1.2183.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_140453.html

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  • 2 weeks later...
  • 2 months later...

GBPUSD

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we expect a possible bearish surge towards 1.2156. The anticipated bearish price rally is merely the continuation of the last impulsive wave c to the lowerside and should first break below 1.2405 before a move further to the lowerside is seen towards 1.2156.

 

more details : FreshForex 
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_142561.html

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  • 2 weeks later...

GBPUSD

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Even though the price remains above the 1.2732 level and also above the immediate trend line, we expect the possibility of a rise towards the 1.3132 level. The idea is to wait for a possible correction to choose low-risk purchase orders towards 1.3132. Therefore, only long positions that look ideal and can be recommended.

Even though the price remains above the 1.2732 level and also above the immediate trend line, we expect the possibility of a rise towards the 1.3132 level. The idea is to wait for a possible correction to choose low-risk purchase orders towards 1.3132. Therefore, only long positions that look ideal and can be recommended.Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_142851.htmlEven though the price remains above the 1.2732 level and also above the immediate trend line, we expect the possibility of a rise towards the 1.3132 level. The idea is to wait for a possible correction to choose low-risk purchase orders towards 1.3132. Therefore, only long positions that look ideal and can be recommended.

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  • 9 months later...

Wait for a bounce from the upper trendline to pick a sell.

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GBPUSD is currently rallying between a falling channel formation. We expect the upward rally which began yesterday to continue to the upperside but should not go beyond the upper trendline. In case the price successfully break and close above this trend line, then I will be expecting a move towards the swing high 1.3021. A bounce from the upper trendline will mean we are heading to the lowerside towards 23.6 fib level, and a break below this fib level will push the price even lower towards 50.0% fib level.

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