Forex Technical Analysis 10.09.2015

EUR USD, "Euro vs US Dollar"

The euro dollar currency pair fulfilled the matrix of the correctional wave. Today, the market trades at a reducing impulse. With the release from the correctional channel we expect refinement at the level of 1.1000. On this decrease the market will break through the main channel of the wave of growth. The goal will be refined by the actual break through and the formation of a continuation pattern. So far, we have only the calculated target – the refinement of the level of 1.0750.

GBP USD, "Great Britain Pound vs US Dollar"

The pound dollar currency pair struck through the low of the first pulse decrease. The basic scenario we consider to be the continuation of development of the wave of reduction to the level of refinement of 1.4960. The first goal is at the level of 1.5182.

USD JPY, "US Dollar vs Japanese Yen"

The dollar yen currency pair continues to trade the structure of the wave of growth. The market offers to work through the level of 121.45. Next in line is a reduction to the level of 120.03, and the test is above. This will form the framework of the consolidation range. With the breakthrough up we consider the possibility of growth up to the level of 124.00. With a break down there may be reduction by the trend to the level of refinement of 115.00.

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