Estimated pivot point is at a level of 1.0810.
Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.1000 with the targets of 1.16 – 1.17.
Alternative scenario: Breakout of the level of 1.0810 and consolidation below this level will enable the decline in price to 1.07 – 1.06.
Analysis: Presumably, the fifth wave continues to develop in the one-two wedge. At the moment, it seems that the first wave of the junior level (i) of v has completed. Locally, the “bearish” correction as the wave (ii) of v is ongoing to the levels of 1.11 – 1.10. If this assumption is correct, and the price does not break down the critical level of 1.0810, after the completion of the correction the pair can continue to rise to the levels of 1.16 – 1.17 in the fifth wave.
GBP/USD Wave analysis and forecast of 11.06 – 19.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.5250.
Our opinion: Buy the pair from correction above the level of 1.5250 with the target of 1.57 – 1.59.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.5250 will enable the pair to continue decline to 1.50 – 1.49.
Analysis: Presumably, the formation of the “bearish” correction in the wave B, which has a shape of the zigzag, has completed. At the moment, it is assumed that first one-two wave of the junior level i of C of 2 is being developed, within which the impetus can develop. If this assumption is correct and the price will not break down the critical level of1.5250, the price can grow up to the levels of 1.57 – 1.59.
AUD/USD Wave analysis and forecast of 11.06 – 19.06: The pair is likely to grow.
Estimated pivot point is at a level of 0.7594.
Our opinion: Buy the pair from correction above the level of 0.7594 with the target of 0.7930 – 0.8160.
Alternative scenario: Breakout and consolidation of the price below the level of 0.7594 enable the pair to continue the decline to 0.74 – 0.73 within long-term bearish trend.
Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it seems that the first wave i of 3 is being formed, within which the third wave of the junior level (iii) of i of 3 is being formed. If this assumption is correct and the price does not break down the critical level of 0.7594, the pair can continue to grow up to 0.7930 – 0.8160.
USD/JPY Wave analysis and forecast of 11.06 – 19.06: The pair is likely to decline.
Estimated pivot point is at a level of 125.87.
Our opinion: Sell the pair from correction below the level of 125.87 with the target of 119.00 - 118.00.
Alternative scenario: Breakout and consolidation of the price above the level of 125.87 will enable the pair to continue the rise up to 127.00 – 128.00.
Analysis: Presumably, the formation of the bullish impetus in the fifth wave has completed. Locally, it is likely that the reversal has been formed and one-two impetus is being developed in the first wave of the junior level (i). If this assumption is correct and the price does not break down the critical level of 125.87, the pair will continue to decline to 119.00 – 118.00.
USD/СAD Wave analysis and forecast of for 11.06 – 19.06: Correction has completed the pair is likely to grow.
Estimated pivot point is at a level of 1.2190.
Our opinion: Buy the pair from correction above the level of 1.2190 with the target of 1.2560 – 1.28.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2190 will enable the pair to continue the decline to 1.21 – 1.20.
Analysis: Presumably, the formation of the “bearish” correction as the second wave has completed. Locally, the reversal seems to be developed. If this assumption is correct, it is possible that the pair will grow to 1.2560 – 1.28 in the third wave. Critical level for this scenario is 1.2190. Breakdown of this level will enable the pair to continue the decline to 1.21 – 1.20.
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