FX.co ★ Trade review for August 21 by simplified wave analysis

EUR / USD outlook for the current day

To analyze the short-term outlook for the development of the euro-dollar pair, you need to determine the state of the current trend.

Since the beginning of this month, there is a downward rollback on the chart, which completes the hidden correction of the pair.

Today, the most popular is the flat mood.

Boundaries of resistance zones:

-1.1780 / 1.1810

Support zone boundaries:

-1.1720 / 1.1690

GBP / JPY outlook for the current day

On the daily scale of the cross pair GBP / JPY chart from October last year, a distinct corrective figure "ascending pennant" can be traced.

This morning, there is most likely a downward mood.

Boundaries of resistance zones:

- 140.90 / 141.20

Support zone boundaries:

- 139.80 / 50

Explanations to the figures: For simplified wave analysis, a simple type of wave is used that combines 3 parts (A; B; C).

The zones marked on the graphs are indications of calculation areas in which the probability of a change in the trend direction significantly increased.

Attention: The wave algorithm does not take into account the duration of the tool movements in time.