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Forex Technical Analysis Forecast 28.01.2022

EURUSD, Euro vs US DollarAfter breaking the consolidation range to the downside at 1.1244 and completing the descending wave at 1.1130, EURUSD is expected to form a new consolidation range there. A breakout of this range to the upside may result in a new rising wave towards 1.1310. Today, the pair may form the first ascending structure to reach 1.1188 and then correct with the target at 1.1160.GBPUSD, Great Britain Pound vs US DollarAfter finishing the first descending wave at 1.3360, GBPUSD is growing towards 1.3550. Possibly, today the pair may form the first ascending structure to reach 1.3450 and then resume trading downwards with the first target at 1.3410.USDRUB, US Dollar vs Russian RubleHaving broken 78.14 and completed a downside continuation pattern, USDRUB is expected to fall and reach the shortterm target at 77.14. After that, the instrument may correct to test 78.14 from below and then resume trading downwards with the target at 76.58.USDJPY, US Dollar vs Japanese YenUSDJPY continues trading upwards. Possibly, today the pair may reach 115.55 and then start another decline with the target at 114.50.USDCHF, US Dollar vs Swiss FrancUSDCHF has reached the upside target at 0.9333. Today, the pair may form a new descending structure with the target at 0.9215.AUDUSD, Australian Dollar vs US DollarAUDUSD has broken 0.7090 to the downside; right now, it is extending the descending wave to 0.7002. Possibly, the pair may reach this level and start a new growth with the…

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