In spite of yesterday’s rise of EUR/USD, there is still a possibility of continuation of the descending wave [i]. However, it can come to an end in the near-term and this will give space for a correction - wave [ii], which can be very complex structurally.
On 1-H chart we can see a more detailed marking. It seems that the impulse wave c of (iv) has finished forming. Therefore, in the near-term we can see the price start to fall within the wave (v) of [i].
On the GBP the wave marking is still a bearish one. Admittedly, the zigzag within the wave (y) of [ii] has been completed, and this gives space for the pair to fall within the wave (i).
As we can see on the 1-H marking, yesterday the impulse wave  of c was completed. At the same time, until the pair has finished its descending wave  we can’t say that the market continues to decline.
After the wave (ii) had been completed, the Yen plummeted within the 3rd wave and within a diagonal triangular being formed. To sum up, in the near-term we can see how the low of the previously formed wave (i) is broken through.
More detailed analysis can be found on the 1-H chart. Appearingly, the 4th wave within the wave i is coming to an end. Therefore, during the day it is possible that the pair declines within the wave  of i and breaks through yesterday’s low.
The marking on the Aussie has been updated. Admittedly, a wedge in the wave (i) was formed, and currently the plane in the wave (ii) is coming to an end. At the same time, to confirm start of the wave (iii) it is necessary to wait until a bearish impulse is formed within this wave.
A detailed marking of the impulse which is being formed within the wave c of (ii) is showed on 1-H chart. During the day a bullish wave  of c can be formed, but after that we can see how the pair starts declining within the wave i.
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