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CURRENCIES TECHNICAL ANALYSIS June.2
2017-06-02 12:43:38
EURUSD
The ascending wave [a] formation continues. Quiet possibly that the diagonal triangle by wave [5] of c starts to form. It could lead to local minimums breakout as the short-term, therefore give a start for the descending wave (a).
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. Therefore the minimum breakout of (iii) is possible in future.
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