Wave analysis of EURUSD, GBPUSD, USDJPY on April 09.

 

EUR/USD

It is likely that the market completed the development of the downward wave [Z], which took the form of a zigzag, in which the last part is the final diagonal. Thus, now we can fully see the beginning of a new uptrend V, within which the price can grow in the coming trading weeks. Taking into account the fact that important macroeconomic statistics are not expected today, gradual price movements are expected without sharp leaps.

 

GBP/USD

GBPUSD presents one of the possible options for price movement. There is a possibility that the formation of the correctional wave [X] has been totally completed. At the last stretch, the market can rise in the new wave [Z]. Thus, we can quite see the growth of the currency pair in the coming trading days. Due to the lack of important macroeconomic statistics, unexpected price changes are not expected.

 

USD/JPY

It is likely that for USDJPY we see the construction of the final part of the descending correction wave 2. When the specified wave is fully formed, and this is likely to happen in the next few hours, we can see a new upward impulse trend 3. Thus, the main variant of the movement the price for today is a bullish trend.

 


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Care. The provided market analysis materials are a professional opinion of an associate of ARUM CAPITAL. These materials are provided for infomation purposes only. In no way can the provided analysis be considered as an action signal, neither is it any sort of investment advice (for the purposes of EU Directive 2004/39/EC). ARUM CAPITAL waives any liability for the trading results which may arise after using these reviews. These materials contain NO warranties or guarantees, either direct or implicit, on the precise, complete or confirmed character of the details they contain.

 

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