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This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

Elliott waves analysis

2024 EURUSD GBPUSD USDJPY
11
June

The sharp weakening of the euro has predictably been halted. Buyers have become active and are seeking opportunities to respond adequately to the recent decline. Currently, a cautious rise is being observed. Over time, the price is likely to trade within a specific range, forming a corrective stru

There have been no significant changes in the past trading day for the GBP/USD pair. After suffering a considerable setback, buyers managed to halt further price decline. Considering the situation with the EUR/USD pair, it can be assumed that here too, we will likely see a small sideways movement

The current situation for the USD/JPY pair remains within the framework of the updated wave scenario. It is worth noting that, at the moment, the development of an ending diagonal triangle in the final wave of the impulse is presumed. To complete this model, a final push to the upper boundary is r

10
June
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