eurusd
Current price 1.2446
Previous Scenario
The Euro rallied with a target price of resistance at 1.2285 at 90 pips per month as well as the chart
And we are expected to see the EUR's rally extend to
To 1.2384-1.2430 which represents good selling areas for this pair
The current scenario
The Euro rallied to reach 1.2537 before reversing the candle and closing at 1.2397
Site script
We expect the EUR to continue targeting the Fibonacci 38.2 for the wave 1.1916 - 1.2537 at 1.2300
Break the top extends the pair to target 1.2596, which represents the angle 270 and the formation of the peak
On the far side the Euro targets 1.2030 and 1.1940 (38 and 50 Fibonacci) for the upside from the bottom 1.1553
A break of 1.2176 confirms the downside
gbpusd
price 1.4239
Expected scenario
Close the cable with a candle, reversing it below 1.4280 (Azzawi 540) and waiting for further downside to the upside down to the angle 480, which also represents the 38th Fibonacci of the last wave from the bottom 1.3757 at 1.4036
A break above 1.4286 and stability above it allows further upside and targeting 1.4540 and 1.4665
usdjpy
Current price
Previous Scenario
The pair continued to drop from the top of 111.48
The pair reached its main target of 109.84 and we expect a bottom formation above 108.50
The current scenario
Dollar Yen rebounded from our 108.50 level
And its end at 109.76. Before falling back to 108.90.
Site script
With a break of 109.76 we expect the pair to target the 110.18 Fibo 61 level for the 111.22-108.50 and the resistance at 110.90
A break of 108.50 means targeting 108.12-107.80 before ascending
AUDUSD
Current price 0.8077
Previous Scenario
The Aussie rose from the bottom 0.7494 targeting the important resistance 0.8116 which represents the trend of the peaks of 0.8160 and 0.8125 and is expected to witness a rebound of the pair below this resistance
The current scenario
The pair rebounded from 0.8116 and reached a psychological low of 0.8000
Site script
In the near term
We expect the pair to continue to fall and break the 0.8000 level targeting the 50 pips towards the last direction from the bottom 0.7808 at 0.7965 and 0.7885 (Fibonacci 38.8 at 0.7500) with the upside down 0.8097
Good Luck