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GBP: Correction Forming

Published 04/16/2014, 10:21 AM
Updated 03/16/2022, 05:50 AM

EUR/USD

Euro completed the first structure of correction. We think, today price may return to level of 1.3850. Later, in our opinion, instrument may continue falling down towards level of 1.3750.
EUR/USD

GBP/USD

Pound is forming ascending correction towards previous descending structure. Later, in our opinion, instrument may continue falling down towards level of 1.6640.
GBP/USD

USD/CHF

Franc is correcting previous ascending structure. Later, in our opinion, instrument may form another ascending structure to reach level of 0.8835.
USD/CHF

USD/JPY

Yen completed another wave of five-wave ascending structure. We think, today price may fall down towards level of 101.70 and then continue forming ascending structure to return to level of 102.70.
USD/JPY

AUD/USD

Australian finished descending structure. We think, today price may return to level of 0.9395 and then continue falling down towards level of 0.9286.
AUD/USD

USD/RUB

Ruble is moving inside the third ascending wave with target at level of 36.20. We think, today price may fall down towards level of 35.99 and then continue growing up towards above-mentioned target. Later, in our opinion, instrument may move downwards to form the fourth wave with target at level 35.77 and then start the fifth wave of this correction with target at level of 36.60.
USD/RUB

XAU/USD

Gold finished descending structure, which may be considered as correction towards previous ascending wave. We think, today price may continue moving upwards inside the third wave to reach target at level of 1357.
XAU/USD

RoboForex Analytical Department

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