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CURRENCIES TECHNICAL ANALYSIS June.5

EURUSD
The market seems to continue the ascending wave [a] formation. The diagonal triangle by [5] progresses on the lower wave level. It could lead to local minimums breakout as the short-terms, therefore give a start for the descending (a) wave.


GBPUSD
Correction wave [iv] continues its consolidation by British pound. Bullish extension on [iii] was finished earlier. The further local minimums breakouts are possible leading to another bullish impulse formation on [v]


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
Quiet obvious that the [iii] wave takes the double zigzag shape due to which the (y) may continue its previous formation. Prove of the price lowering resuming will be the bearish impulse formation in direction of [iii]

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