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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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2023 EURUSD GBPUSD USDJPY
13
October

Wave Analysis: After a failed attempt to break above 1.06295, Euro could not sustain a steady move to the upperside, it instead pulled back to the lowerside and is still showing signs of continuing much lower. On this chart, we keep looking for low risk sell positions expecting a possible bearish

Wave Analysis: After a failed attempt to break above 1.22667, the British pound pulled back to the lowerside and is now below the level 1.22667, this is a good place to consider long tern sell position,. we expect the rebound from around 1.234 to have been an end to the last impulsive wave (3) tha

\Wave Analysis The US Dollar continues to rally to the upperside and is now above 147.365, as it is right now, we are looking forward to a possible long term buy positions with the next ideal target set around 155.90 and may likely extend much higher. On this chart, buyers are in complete control

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