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Currency Technical Analysis by Adam Smith Associates pvt. ltd. Adam Smith Blog | June 21, 2017 EURO Euro – c=a points to 1.105 and 38.2% retracement is at 1.102, the trend should still be lower.
Currency Technical Analysis by Adam Smith Associates pvt. ltd. Adam Smith Blog | June 21, 2017 USDJPY USDJPY should continue higher in wave c up to 115. Support is near 110.60
Currency Technical Analysis by Adam Smith Associates pvt. ltd. Adam Smith Blog | June 21, 2017 USDGBP USDGBP – took support on the averages and has mostly started wave 5 up. Support is near 0.783 amd 0.777 and we should be heading to test 0.808 swing high next and eventually the wave 3 high at 0.846.
Currency Technical Analysis by Adam Smith Associates pvt. ltd. Adam Smith Blog | June 21, 2017 USDCNY USDCNY – corrected in 3 waves in what might be a 4th wave correction in a channel. Wave 5 up could start from 6.78. I cannot rule out a dip to 6.76, while non needed, and it would be a 38.2% retracement of wave 3. 5=1 pionts to 7.04 in wave 5 up. 6.892 resistance from the falling channel where we would have to breakout for higher levels.
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