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Finally We See Correlation Through FX Pairs

Published 09/25/2018, 03:07 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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GBP/USD
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USD/JPY
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USD/CHF
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AUD/USD
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EUR/JPY
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DX
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Not all was going to plan yesterday. We saw a final blip higher in EUR/USD and a break higher in USD/CHF. USD/JPY appears to have seen a relatively shallow pullback and in GBP/USD an adjustment in the 5-wave moves to see it find the Wave b/iii. Equally, to include the Aussie, it has formed a quorum to generate Dollar gains through the majors and Aussie.

And there’s more to go.

USD/JPY failed to reach the deep pullback that I had suggested and it looks like it’s going to poke above the 112.88 high. USD/CHF appears to need a pullback but there’s one of these “deep pullback – or deep Wave b/v” alternatives. EUR/USD should extend losses and should carry GBP/USD lower with it.

In the EURJPY cross, we have a potential for a minor pullback higher, but over the day we should see losses.

Latest comments

what is a "minor pullback higher" ???. do you mean it will pullback or go higher??!!! . ........
it mean go higher
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