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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
20
January

Wave Analysis EURUSD has completed forming the major V wave pattern. The market is currently forming a minor corrective 3 waves pattern. At 1.08374, which is our minor corrective wave a, the market has formed a double top, this is a sign that the market will sell. I expect the market to push down f

Wave Analysis GBPUSD is on an uptrend the market is yet to finish forming the impulsive V waves pattern the market is currently at 1.23960. From 1.21941 to where the market is now,1.23960, the market has been moving in the form of rising channels, this signals a price reversal to the downside. I e

Wave Analysis USDJPY is currently forming the minor corrective 3 waves pattern, the market hit the major wave V at 127.238 which marked the end of the major impulsive wave. At 127.949, which is also our minor corrective wave b the market has formed a double bottom, This indicates a buy signal. I e

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January
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