Abstract:JPY May Extend Corrective Wave. The overview also details the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
JPY May Extend Corrective Wave. The overview also details the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
EUR/USD (Euro vs US Dollar)
EUR/USD (Euro vs US Dollar)
EUR/USD is in the midst of a growth wave targeting 1.1040. Upon reaching this level, a corrective phase to 1.0986 might unfold (a test from above). Following this, an ascent to 1.1055 is anticipated, potentially followed by a new decline wave to 1.0888.
GBP/USD (Great Britain Pound vs US Dollar)
GBP/USD may continue its correction to 1.2683. After the correction, the price could ascend to 1.2764. Subsequently, a decline wave to 1.2613 might commence, extending the trend to 1.2600.
USD/JPY (US Dollar vs Japanese Yen)
USD/JPY (US Dollar vs Japanese Yen)
USD/JPY is within a consolidation range around 142.20. An upward escape might trigger a correction to 144.18, while a downward escape opens the potential for a decline to 140.00. This is considered a local target.
USD/CHF (US Dollar vs Swiss Franc)
USD/CHF (US Dollar vs Swiss Franc)
USD/CHF is still correcting towards 0.8544. Next, the instrument could rise to 0.8602, signaling a potential continuation to 0.8633. This marks the initial target.
AUD/USD (Australian Dollar vs US Dollar)
AUD/USD (Australian Dollar vs US Dollar)
AUD/USD is undergoing a correction to 0.6782. Following the correction, a new growth structure to 0.6840 may commence, succeeded by a decline wave to 0.6733.
BRENT
BRENT
Brent is engaged in a consolidation phase around 79.20. An upward breakout could lead to a growth phase towards 83.00, the first target. Upon reaching this level, a corrective link to 77.80 might initiate (a test from above).
XAU/USD (Gold vs US Dollar)
XAU/USD (Gold vs US Dollar)
Gold is advancing in a growth wave to 2079.80. After reaching this level, a correction to 2045.75 might follow (a test from above). Subsequently, a growth structure to 2118.00 is anticipated.
S&P 500
S&P 500
The stock index might undergo an extension of a correction to 4732.0. Following this, a rise to 4788.0 is anticipated. Once this level is reached, a new decline wave to 4696.0 could begin, constituting the first target.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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