On Wednesday afternoon, the major currency pair is slightly falling but investors are looking for a consolidation area.
EURUSD continues the correction within the rising channel; USDJPY is reversing after forming a reversal pattern not far from the support level, while EURGBP is testing the descending channel’s upside border.
BTCUSD is about to break the resistance area; EURUSD is rebounding from the cloud’s downside border, while USDCAD is correcting before a new decline.
GBPUSD is going to correct the first ascending impulse before starting the second one, while EURJPY is forming a rising wave inside the correctional channel.
After finishing the structure of the first descending impulse at 108.44, USDJPY has returned to 108.95, thus having forming a new consolidation range between these two levels.
Bulls continue pushing USDJPY upwards, while USDCAD is trading to reach 0/8.