6TH - 10TH JUNE WEEKLY WRAPUP & UPDATES (PART II)

I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. If you want to see the COMPLETE post, you are welcome to get it from my website. I am also splitting this post in parts as it is too long to post in one post. So this is Part II of this post. Look for Part 3 if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. Keep in mind that these updates ARE NOT my full analysis and are just my opinion as to the short term direction of prices.

EURUSD
After a sustained drop in a wave (X) and ending with an EED, prices are now reversing and heading higher. This could be the start of a MUCH, MUCH higher movement!
DAILY CHART

USDCHF
Dropped out of a EED following the NFP release last week. This most likely signals the beginning of a larger move down. But caution is needed as there should still be another move up before it drops.

See my FULL MONTHLY Analysis on USDCHF for details: (F) USDCHF FULL Monthly Update: Still Forming The Bearish Pennant (Free post. No Subscription required)
DAILY CHART

NZDUSD
This pair EXPLODED upwards as predicted! However, unfortunately we had closed our positions last week on NZDUSD before this recent leg up. But this move up should be coming to an end soon and when it does, there will be another good opportunity to make more pips!
DAILY CHART

GBPJPY is most likely headed lower to complete a major wave down. What apparently happened was that there was a completed wave (4) triangle and then prices fell from there in what is now the wave (5). We should see another push down to complete this wave (5) and also the larger wave A before we see a MAJOR reversal occur.

See my recent FULL MONTHLY Analysis: (P) GBPJPY: Finishing The Wave A. Getting Set For A Reversal Wave B. (Premium Subscription required)
DAILY CHART

Comment:

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