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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
16
December

Wave Analysis: During the previous trading day, Euro rallied to the lowerside but is still above 1.06218. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5)

Wave Analysis: During the previous trading day, the British pound rallied to the lowerside instead of moving up to the upperside. The current bearish price rally is a corrective wave cycle and may see the price rally towards 1.21555 and may rally to the lowerside with the next ideal target set arou

Wave Analysis: During the previous trading day, the US Dollar rallied to the upperside but is still below the level 138.229 and may likely rebound from 138.229. As long as the price remains below this level, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price ra

15
December
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December
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December
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December
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