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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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2022 EURUSD GBPUSD USDJPY
10
June

Wave Analysis: During the previous trading days, the price bounced off from the upper trendline towards the lower side at the corrective wave cycle five. At the moment the price is on the lower trendline, I expect a rebound towards the upper side around 1.0890 in continuation of the impulsive wave

Wave Analysis: During the previous forecast we had anticipated a further bearish momentum from the upper trendline towards the lower trendline in continuation of the impulsive wave cycle five. The price is still around the upper trendline, If you had picked a sell hold with your take profit at 1.1

Wave Analysis: This pair is currently trading in a contracting wedge formation, recently the price rebounded from the lower trendline at the corrective wave cycle two towards the upper trendline at the impulsive wave cycle three. Right now the price is rallying towards the lower trendline, I expec

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