Now some swings - mostly for a Dollar Correction
|Best part of yesterday was the 1.2818 low in GBPUSD…
While that was good, we still need some care. EURUSD has not yet reached its target and it’s not a Wave iii target so we’re looking at minor losses but then a deeper pullback. Equally, USDCHF should ideally hold below 0.9945-51 for a pullback. The other Major – USDJPY – as long as 111.19 caps we should see a pullback lower to below 110.85.
The Aussie has gone on a walkabout and seems intent on pushing lower all on its own. No doubt there’ll be a pullback but may not be too deep.
Finally, as far as I can see, and allowing for a minor new low as the day begins, we should see a pullback higher…
I can’t see that it will be a massive pullback that we see throughout the pairs, but it seems as if we’re going to end the week with a pullback…
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