In the FOREX page you can see the long-term scenario on weekly charts
and the previous short-term outlook on daily charts and on 4 hours charts.
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USD/JPY
Main count: what's incredible impulsive wave!
Bullish: we are in wave
[iii] of
3 minute of
5 minor of
(3) intermediate of
[1] Primary; target 105.60.
EUR/JPY
See the 240 minutes chart; there is a good buy point
last Thursday May 9 on the breakout of the flat of wave 2 of 5 of (1) (or in alternate scenario, of the triangle Alt:4 of
5 ); target 139.
GBP/USD
Very interesting setup.
After the rebound of wave
2 minor , we should be in the impulsive wave
3 of
(1) of
[C] .
EUR/GBP
The alternate scenario prevails; it's likely the completion of the corrective downward wave c/y of (b)/(x); this currency pair is looking for a support on the 50% Fibonacci's retracement; if it will be broken down, drop at least until 0.828.
EUR/USD
Contrasted and unclear trend, with no interesting setup.
It's likely the completion of downward wave y of b/x .
AUD/USD
My main bullish scenario is been denied, the triangular wave [4] is not yet completed.
The down move of the last week gives preference to alternate bearish count, that considers wave 3 of c of (e) in progress.
Have a great weekend ;-)
ElwaveSurfer
