NZDCHF is showing a corrective structure after completing a strong impulsive advance where the market topped and entered a pullback phase that unfolded in a clear three wave correction this correction respected key retracement support and shows signs of exhaustion as selling pressure weakens near the lower boundary the rejection from this zone suggests buyers are starting to regain control and momentum is gradually shifting back to the upside the structure supports a potential continuation of the broader bullish trend as long as price holds above the recent corrective low a sustained recovery could lead to a move back toward the previous high area confirming trend strength and renewed bullish intent on the higher

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USDJPY on the 1D timeframe is trading inside a clean ascending channel where price has respected both the upper and lower boundaries multiple times showing strong structure control buyers pushed price impulsively from the lower channel support creating a sharp bullish leg that completed a corrective move near the upper boundary after this exhaustion signs appeared near the top of the channel indicating weakening momentum and potential profit taking price is now reacting lower suggesting a corrective phase could unfold toward the mid or lower channel support as long as the channel holds the overall trend remains bullish but short term pressure favors a pullback before the next directional move confirmation will come from how price behaves near channel support where buyers may step in again to continue the higher structure or a break could shift the bias bearish.

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#eurusd EURUSD shows a mature bullish structure that has transitioned into a contracting corrective phase. The prior impulse completed cleanly and price is now respecting a rising support trendline while repeatedly rejecting a major supply zone above. This behavior signals distribution rather than continuation as momentum weakens with each push higher. The sequence of lower highs against steady higher lows forms a classic wedge pattern which often precedes a decisive breakdown. The latest rejection from resistance followed by strong bearish pressure suggests sellers are gaining control. A move toward the lower boundary of the structure remains the higher probability scenario before any meaningful trend continuation can be considered.

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