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25th April Daily Wrapup & Updates

USDJPY
Sideways consolidation today before another move up.

AUDUSD
AUDUSD is still in its' uptrend and there is not any bearish PA to show it is ending as of yet. More than likely, headed towards the MAJOR Weekly downtrend TL. Not much action today to really clarify things.

USDCAD
USDCAD did not do much of anything today...except consolidate. This consolidation is bearish. I'm seeing it as a wave iv consolidation and is flat. USDCAD is still targeting my "critical zones" before there will be any reversal. (see my free in-depth analysis: (F) USDCAD: Finishing Up The Downtrend)

GBPUSD
Today's action may have indicated the end of the current wave (3) impulse wave. I am expecting a corrective wave (4) to follow probably back down to retest the broken TL of the former "triangle". (see recent post: (B) GBPUSD: Still Looking Higher - subscription required. Click here to subscribe to trial offer: Subscribe Now!)

EURUSD
EUR did not do anything today to clear up which direction it is to go. It could go higher from where it is now or it may drop down to the lower TL before rising. Drop to the lower TL is favored though.

USDCHF
The swissy is pretty much moving as expected. I am expecting that there will be a retrace back down to retest the broken TL before rising again to hit the downtrend TL and fill that POTENTIAL Bat. (see recent post: (B) USDCHF: Is This Uptrend Real? Or Is It Just A Mirage? - subscription required. Click here to subscribe to trial offer: Subscribe Now!)

NZDUSD
NZDUSD had recently broken a strong uptrend TL which signaled that this uptrend is losing steam. It could signify a longer trend change may be coming soon. But this alone is not enough to show that trend reversal. Not yet. I still see higher prices eventually.

PREMIUM UPDATES

GBPJPY
Prices movement today more or less is confirming how I think that GBPJPY will move.

EURJPY
The recent impulse wave up should be ending and a retrace of that impulse should be forthcoming.

NZDJPY
NZDJPY has been a confusing pair being that it has and still is in a long sideways consolidation. And today's action did nothing to clear anything up. Short term, I expect prices to move up to fill that POTENTIAL Bat and then retrace back down again remaining in this sideways correction.

AUDJPY
Expecting this to drop soon but waiting to see if the TL and the MAJOR SR structure will hold. That completed Bat is waiting for profits.

USOil
Moving as expected. Is in a corrective wave following an impulsive wave iii. Should go a little bit lower and then head up again to finish a wave (4).

ADDITIONAL MARKETS (these are markets I follow that may vary in coverage)

GBPAUD
Nice uptrend which we caught for plenty of pips already! But now I am looking for a correction before further advances.

XAUUSD (GOLD)
Getting set to drop.