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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
12
April

However, it's noticeable that the euro is beginning to resist. The price occasionally rises before falling again. Currently, there's another attempt to recover lost positions, and this time it might be successful. The swift decline seems very much like a fully formed impulse. If that's the case, t

For the GBP/USD pair, there hasn't been anything extraordinary happening recently. After dropping below the local minimum, the price found support and is now attempting to rebound from it and rise. It seems that upward movement will occur, but it will likely be of a corrective nature. Expecting a

After finally surpassing the resistance level, the price is beginning to consolidate at new levels. This may take some time, so expecting directional movement in the near term might not be advisable. However, overall, the situation remains favorable for entering buy positions on pullbacks. This is

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