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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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2021 EURUSD GBPUSD USDJPY
25
June

Wave Analysis Just as the the British pound nothing much happened on this pair, the price pulled slightly to the upperside and is still pretty much consolidating within the previous day's highest high and lowest low. If the price breaks and closes below the previous day's lowest low, then this will

Wave Analysis During the previous trading day, the British pound rallied to the lowerside but did not make any significant rally downwards, as it is now, we are sellers. Keep looking for long term sell positions. The ideal is to wait for a clear breakout below the previous day's lowest low to pic

Wave Analysis During the previous trading day, nothing much happened on this pair. Acccording to the daily chart, we are above a significant resistance level 110.665. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside, the idea is to wait

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