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CURRENCIES TECHNICAL ANALYSIS May.31

EURUSD

It looks like that on [a] double zigzag formation has completed. Therefore the further price lowering by (a) direction is possible. It could lead to local minimums breakout.

GBPUSD

Correction wave [iv] formation continues by British pound. Bullish extension on [iii] was finished earlier. As the current correction is over another bullish impulse formation on [v] is possible

USDJPY

Double zigzag shaped (ii) formation continues on Yen. Ascending impulse on (i) was formed earlier. As a result the price growth resuming in frames of forthcoming (iii) wave could be expected in future.

AUDUSD

Down-wave extension formation on [iii] continues. Looks like on the lower wave level the (ii) wave formation is over. The price lowering resuming might be possible on (iii) as the short-term. Thereafter the minimum breakout of (iii) is possible in future.

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