GBP/USD - 15 MIN CHART
TRIANGLE FORMATION

Cables forming Triangle formation in 15 min Chart. Cables firmly trading slightly above the key psychological level of 2.0000. In the next few minutes we'll come to know where we will be heading towards, that will come to know only after breaking the Triangle pattern. My upper target is 2.0041 and the lower target is 1.9997 (44 pips difference). 2.0041 will act as major resistence and 1.9997 will act as the major support. The traders can take it as the stop loss for thier trades.

NZD/USD
CAN IT GO BEYOND 0.7800

Looking at the rally from .7237, it is possible that Kiwi is just now entering a third of a third wave that could see the pair test .7848-.8093 in the next couple of weeks (this is the 100%-161.8% of .7237-.7637/.7452). The alternate count is that an ending diagonal from .7237 is close to complete and that a decline will begin soon. Remaining above .7571 keeps the former count favored.

EUR/CHF
LARGER UPWARD SLOPING CHANNEL

The EURCHF may push to a new high in the weeks ahead to complete an ending diagonal that began April 19th. Connecting the April 19th and June 6th lows and projecting a parallel line from the 5/20 high projects a 5th wave high near 1.6660. Coming under 1.6413 would signal a reversal.” The pair hit 1.6671 last week before reversing. If the decline stretches into 5 waves, then our confidence in the bearish bias would strengthen (so far, there are 3 waves down…see above).

USD/CHF
WAVE 4 UNFOLDING CORRECTION...

As per seeing the chart, “the decline from 1.2424 looks more like a 3rd wave than a wave c, thus we are abandoning the bullish stance.” Near term, it looks like a 4th wave correction is unfolding. There is potential for a spike through 1.2309 before a decline in a small 5th wave towards 1.2225 and even lower levels. Resistance on a spike through 1.2309 is the 38.2% of 1.2424-1.2258 at 1.2321.