Forecasting

The USD/JPY correction continues for now and the pair remains bullish. I think the next target is likely around 110.00 and it may even break out above it.

GBP/USD is quite bearish and I think it will depreciate back to 1.2700 by the time the market closes today.

NZD/USD is very bearish and I think next week we will see it break out below 0.6500.

The pair found some support at 1.2700 but it remains quite bearish so I think it will continue depreciating and eventually break out below 1.2700.

GBP/JPY found some support at 139.60 and it is currently climbing. I think it will rally towards 142.00 eventually.

GBP/USD remains very bearish so the move south continues for the moment and it may reach 1.2600 soon.

USD/USD is quite bearish despite the hammer candlestick it has formed on the weekly time-frame, I think it may continue depreciating but that will depend on whether it breaks out below 109.00.

GBP/USD did reach 1.2600 and formed a spinning top on the daily time-frame there before it bounced off from that level. The pair is quite bullish currently and I think it will reach 1.2750.

USD/JPY closed at 109.30 but it is yet to break out below 109.00, we'll have to wait until next week for that to happen, if it happens.

USD/JPY is bouncing off from 109.25 for now, so it is likely the pair will be stuck in sideways consolidation in the near future.