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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.

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2024 EURUSD GBPUSD USDJPY
20
June

The scenario involving a double zigzag correction appears to be incorrect. The market seems to have been sufficiently corrected by a simple zigzag. The waves fit well within this corrective model, with two downward impulsive waves, a and c, and a zigzag in wave b. The subsequent rise looks impulsi

The situation for GBP/USD has not seen any significant changes. The price likely continues to form a correction, represented by a simple zigzag, and wave b is presumably nearing completion. If this is the case, an impulsive decline is expected soon, driven by the development of wave c, which is al

Another trading day has ended without any significant events. The price continues to trade within a narrow range, showing no attempts to either rise or fall. As a result, the previously considered wave scenario remains valid. A final burst of activity from buyers is expected, which will lead to th

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