Wave analysis of EURUSD, GBPUSD, USDJPY on April 20.

 

EUR/USD

Most likely, a wave [iv] of diagonal was constructed, after which the formation of a new ascending zigzag [v] is expected. Thus, according to the current layout, a price increase is possible. Also, in the absence of important macroeconomic statistics, attention should be paid to the dynamics of the debt market. The yield differential between the 10-year government bonds of Germany and the US demonstrates growth, this is a positive signal for EURUSD, which increases the likelihood of an upswing in prices today.

 

GBP/USD

The market forms a much sharper downward correction wave (B) than was originally intended. It is possible that at the moment this correction is close to its end, and after a local decline, the pair may start to rise. In addition, in the credit markets, the yield of 10-year UK government bonds is growing relative to its counterparts from the US and Germany, it can also help start the rise in the bull wave.

 

USD/JPY

The market continues to move within the framework of an upward triple zigzag [Z], forming its final part. Now we see the impulse (C) of [Z], after the completion of which a new downtrend will begin. In addition, the growth of US Treasury bonds caused the expansion of the differential of US / Japan indicators, it will also provoke USDJPY growth on the nearest trading day.


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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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