Overview of EUR / USD with the current day forecast

On the weekly scale of the euro chart, in the main pair to the US dollar, the formation of the correctional geometric figure "the expanding triangle" from March 2015 is clearly visible. Wave analysis shows the formation of an elongated plane. The quotations of the pair reached the lower edge of the wide potential reversal zone, reinforced by the level of resistance on a large scale.

The preliminary calculation indicates a high probability of an early completion of this model, with the formation of at least an intermediate correction of the last trend segment.

The price froze near the lower boundary of the resistance zone. In the next sessions, a change in direction and the beginning of the pair's depreciation are expected. It is impossible to exclude a preliminary puncture of the upper boundary of the resistance zone. The nature of the decline can approximate the impulse. The support boundaries demonstrate the closest zone, where the completion of the day's turn of the instrument is likely.

Boundaries of the resistance zone:

-1.1890 / 1.1920

Boundaries of the support zone:

-1.1790 / 60

Overview of GBP / JPY with the current day forecast

In the framework of the pound sterling chart, formed on the yen of the narrowing flat corridor, the last section of June 12 is not completed. This is an upward wave in which the middle, correcting part (B) is nearing completion. The decline that began yesterday complicated the structure of the correction. Before changing direction, the price must complete the current decline and form a reversal zigzag.

Today, a general descending mood of price fluctuations is expected. In the next few hours, there may be a short-term rise or a lateral flute. The active phase is most likely at the end of the day.

The support zone is on the upper boundary of the wide critical zone of the potential reversal, in which a change in the motion vector can be expected.

Boundaries of the resistance zone:

- 145.00 / 145.30

Boundaries of the support zone:

- 143.80 / 50

Explanations to the figures: For simplified wave analysis, a simple type of wave is used that combines 3 parts (A; B; C). Of such waves, all kinds of correction are composed and most of the impulses. On each considered time-frame the last, incomplete wave is analyzed.

The zones marked on the graphs are indicated by the calculation areas in which the probability of a change in the direction of motion is significantly increased. Arrows indicate the wave counting according to the technique used by the author. The solid background of the arrows indicates the structure formed, the dotted one indicates the expected wave motion.

Note: The wave algorithm does not take into account the duration of the tool movements in time. The forecast is not a trading signal! To conduct a transaction, you need to confirm the signals used by your trading systems.