We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
Do you want to receive Forex analytics newsletter to your email?
Subscribe online and receive the daily latest reviews made by professional analysts of InstaForex Company. You can select the analysts and types of the technical and fundamental analysis of Forex market, which you will get to your email every day. Be on top of Forex market events with InstaForex!
Wave count on larger timeframes shows that this currency pair is now standing in impulse wave C of daily degree (colored light green) and subwave C of a minor degree (colored royal blue on the chart)...
This currency pair is still developing longterm and intermediate uptrend. However the intermediate trend is now being corrected. Potential wave 4 is developing...
This currency pair is now moving within longterm and intermediate uptrend. The nearest strategic target - contracted objective point off 0.8314-0.8870-0.8633 - has been reached (0.8977)...
This currency pair is now trading in the flat, limited by 130.80-133.29. The break out of the flat will show the direction of the impulsive wave C of the intermediate trend...
This currency pair is now moving within a clear uptrend - daily and hourly. All the waves are impulses. The targets of the upside movement are Fibonacci expansions off 0.8066-0.8861-0.8314 (major daily waves), 0.8314-0.8870-0.8633 (waves of a smaller degree), 0.8633-0.8858-0.8737...
GBP/JPY has just ended the upside movement 131.17-135.80 having broken 131.17 - since this is the base of the upwave. At the moment we have weekly wave C (colored plum on the chart). Its targets are Fibonacci expansions off 136.00-131.17-135.80...
