Estimated pivot point is at a level of 1.1204.
Our opinion: Buy the pair above the level of 1.1204 with the targets of 1.16 – 1.17.
Alternative scenario: Breakout of the level of 1.1204 and consolidation above this level will enable the price to continue decline to 1.10.
Analysis: Presumably, the fifth wave continues to develop within the one-two wedge. Currently, it seems that the third wave of the junior level (iii) of v is being formed. If this assumption is correct, and the price does not break down the critical level of 1.1204, the pair can continue to rise up to 1.17.
GBP/USD Wave analysis and forecast of 19.06 – 26.06: Uptrend dominates.
Estimated pivot point is at a level of 1.57.
Our opinion: Buy the pair from correction above the level of 1.57 with the target of 1.61 – 1.62.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.57 will enable the pair to continue decline to 1.56 – 1.55.
Analysis: Presumably, the “bullish” impetus continues to develop in the wave С of 2 of the senior level. At the moment, it seems that the third wave of the junior level iii of С is being formed. If this assumption is correct, after the completion of the local correction (iv), it makes sense to expect that the pair will rise up to 1.61 – 1.62.
AUD/USD Wave analysis and forecast of 19.06 – 26.06: The pair is likely to grow.
Estimated pivot point is at a level of 0.7640.
Our opinion: Buy the pair from correction above the level of 0.7640 with the target of 0.7960 – 0.8160.
Alternative scenario: Breakout and consolidation of the price below the level of 0.7640 enable the pair to continue the decline to 0.74 – 0.73 within the long-term bearish trend.
Analysis: Presumably, the formation of the third wave of the senior level 3 has begun. Locally, it seems that the third wave of the junior level (iii) is being formed. If this assumption is correct and the price does not break down the critical level of 0.7640 the pair can continue to rise up to 0.7930 – 0.8160.
USD/JPY Wave analysis and forecast of 19.06 – 26.06: The pair is likely to decline.
Estimated pivot point is at a level of 124.45.
Our opinion: Sell the pair from correction below the level of 124.45 with the target of 120.35 - 119.00.
Alternative scenario: Breakout and consolidation of the price above the level of 124.45 will enable the pair to continue the rise up to 126.00 – 127.00.
Analysis: Presumably, the formation of the “bullish” correction as the fifth wave (ii) has completed. Locally, it is likely that the third wave (iii) is being developed within the estimated “bearish” impetus with the expected target level of 120.35. If this assumption is correct and the price does not break down the critical level of 124.45, the pair is likely to decline to 120.35 – 119.00.
USD/СAD Wave analysis and forecast of for 19.06 – 26.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.2360.
Our opinion: Buy the pair at the break down of the level of 1.2360 with the target of 1.30.
Alternative scenario: Breakout and consolidation of the price below the level of 1.19 will enable the decline in the pair to 1.18 – 1.17.
Analysis: Presumably, the formation of the “bearish” correction as the second wave ii continues, taking a shape of the zigzag. Locally, it is likely that the correction as the wave (b) has completed and the wave (c) of ii is being formed. If this assumption is correct after the completion of the correction the pair cam resume growth up to 1.3060. Critical level for this scenario is 1.19. Breakdown of this level will enable the pair to continue decline to 1.18 – 1.17.
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