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Forex Technical Analysis Forecast 21.01.2022

EURUSD, Euro vs US DollarAfter completing the ascending impulse at 1.1334, EURUSD is expected to correct towards 1.1316, thus forming a new consolidation range between these two levels. Later, the market may break the range to the upside and form one more ascending structure towards 1.1360 or even reach the target at 1.1435.GBPUSD, Great Britain Pound vs US DollarHaving finished the correctional wave at 1.3578 along with the ascending impulse towards 1.3600, GBPUSD is correct to reach 1.3588, thus forming a new consolidation range between the two latter levels. After that, the instrument may break the range to the upside and start a new growth towards 1.3666 or even reach the target at 1.3750.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 76.40. Possibly, the pair may start another growth towards 76.96 and then form a new descending structure to break 75.77. Later, the market may continue trading downwards with the target at 74.46.USDJPY, US Dollar vs Japanese YenHaving completed the descending wave at 113.75, USDJPY is growing towards 114.05, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may continue the correction down to 112.80; if to the upside resume growing with the target at 114.87.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9160. Possibly, the pair may expand the range up to 0.9183 and then start a new correction towards 0.9122….

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