Brent initiates an upward trajectory. The overview also encompasses the dynamics of EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.

EUR/USD (Euro vs US Dollar)

EUR/USD has concluded an upward surge, reaching 1.1111. A consolidation phase is taking shape at this level. An anticipated downside breakout from the range may lead to a dip to 1.1020. Conversely, an upward breakout could signal an upswing to 1.1155. Subsequently, the pair might trend downwards to 1.0888, constituting the initial target.

GBP/USD (Great Britain Pound vs US Dollar)

GBP/USD has finalized an ascendant phase, reaching 1.2800. An envisaged consolidation phase around this level is expected today. A Potential Downward Breakout to 1.2715 is anticipated, paving the way for a continuation of the trend to 1.2612, marking the primary target.

USD/JPY (US Dollar vs Japanese Yen)

USD/JPY is ongoing in a descending wave to 140.70. Following this, an anticipated ascent to 141.66 is expected (a trial from below), succeeded by a downturn to 140.45. Subsequently, an ascent to 144.00 could manifest.

USD/CHF (US Dollar vs Swiss Franc)

USD/CHF has accomplished a downward trend to 0.8400. A consolidation range is currently manifesting around this level. A potential downward breakout from this range may expose the likelihood of a downturn to 0.8380. After reaching this level, a resurgence to 0.8480 might unfold, with a subsequent extension to 0.8570, constituting the principal target.

AUD/USD (Australian Dollar vs US Dollar)

AUD/USD is in the process of forming a downward wave to 0.6824, followed by a rebound to 0.6844 and a descent to 0.6780. This constitutes the preliminary target. After reaching this level, a correction to 0.6825 is expected (a trial from below).

BRENT

Brent has successfully concluded a corrective wave to 79.33. A consolidation range is shaping above this level. A potential extension of the range to 79.20 is plausible. Following this, an ascent to 81.60 may follow, indicating a prospective trend continuation to 83.00. This stands as the primary target.

XAU/USD (Gold vs US Dollar)

Gold persists in developing an upward surge to 2089.00. Once this level is attained, a correction to 2052.75 may follow (a trial from above). Subsequently, an uptrend to 2118.00 is anticipated.

S&P 500

The stock index is continually evolving a consolidation range around 4800.0. The possibility of extending the range to 4805.0 is not discounted. Following this, a downturn wave to 4772.0 may materialize. In the event of a downward breakout, the potential for a descent to 4696.0 might materialize, constituting the principal target.

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