EUR USD, "Euro vs US Dollar"
Eurodollar has formed another ascending structure and almost defined the borders of its new consolidation channel. We think, today the price may fall towards the lower border and then continue moving downwards. An alternative scenario implies that the regulator may try to prevent the pair from a further decline, so that it could continue the correction towards 1.1000 to test it from below. After that, the pair may continue falling inside the downtrend.
GBP USD, "Great Britain Pound vs US Dollar"
Pound is trying to stay inside the consolidation channel, which turns out to be triangle pattern again to continue the decline. We think, today, the price may reach 1.5460 and then return to the center of the channel.
USD JPY, "US Dollar vs Japanese Yen"
Yen has reached the local target. We think, today, the price may form a consolidation channel, break it downwards, and then form the fourth wave as a correction to reach 122.94.
