Forex Technical Analysis 19.08.2015

EUR USD, "Euro vs US Dollar"

Eurodollar is forming the correction towards 1.1070. After that, the pair may fall to reach 1.1000 and then start a higher correction towards 1.1100.


GBP USD, "Great Britain Pound vs US Dollar"

Pound has reached the minimum target of the correction and tested 1.5650 from above. We think, today, the price may grow to reach 1.5753 and then return to 1.5660.

USD JPY, "US Dollar vs Japanese Yen"

Yen is still forming the consolidation channel. If the market breaks this channel downwards – the current correction may continue towards 123.00; if upwards – it may grow to reach the main target at 125.40.

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