EUR USD, "Euro vs US Dollar"
Eurodollar has extended its ascending structure and may continue forming this wave towards 1.1052 according to an alternative scenario. Right now, the market is forming a descending structure with the target at 1.0950. Even if the scenario succeeds, this extension will be considered only as a correctional structure. After that, the pair may continue falling inside the downtrend. The main scenario remains the same: the market is expected to fall towards 1.0600.
GBP USD, "Great Britain Pound vs US Dollar"
Pound is forming another ascending structure. We think, today, the price may reach 1.5637 and then start a new decline to break the minimum. The main target is at 1.5240.
USD JPY, "US Dollar vs Japanese Yen"
Yen has tested the upper border of its consolidation channel again. Possibly, the price may extend this structure towards 125.26 and then fall towards the lower border of the channel at 124.14. After breaking the channel downwards, the pair may continue the current correction towards 122.94 and then start another growth to reach 125.40.
