On Wednesday, GBPUSD retreated towards the low it reached on January 4th; investors continue selling the pair.
The major currency pair remains weak on Wednesday; probably, it may update May’s lows.
In case of AUDUSD and NZDUSD, the descending tendency continues and is expected to dominate in the nearest future, while the USDCAD situation remains rather unclear.
EURUSD has expanded its consolidation range both upwards and downwards; right now, it is falling to reach 1.1142.
As we can see in the H4 chart, USDJPY has reached the target at the 3/8 level, just as expected.
As we can see in the H4 chart, the descending tendency continues, while AUDUSD is trading sideways.
GBPUSD is about to start a short-term correction, but the bearish tendency is still dominating; in case of EURJPY, we can see a short-term correction as well.