Wave analysis of EURUSD, GBPUSD, USDJPY on November 24.
Over the previous trading day, the market moved very insignificantly upwards. This can be explained by the fact that many market participants left for a long weekend. In addition, no significant news are expected today. Most likely, today the price movement in the former slow and gradual manner will continue. The probability is great that after the completion of the construction of the upward momentum (v) of [iii], we will see the beginning of the formation of the lateral flat [iv].
Today, no important macroeconomic data is expected in the UK and the United States. And since the auctions take place during a period of low liquidity due to holidays in the US, we expect very modest movements of the currency pair. It is very likely that we will see a small price decrease within the framework of a downward correction 2.
It is possible that today we will see a slight increase in quotations for two reasons: firstly, the development of a corrective ascending wave of bundle XX has begun, and secondly, the yield of 10-year government bonds of the United States and Japan is growing. However, due to the weekend in the US and Japan, the market does not expect sharp and strong movements.
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