Apparently, on the daily chart of Euro-Dollar, the formation of wave (B) is completed that took a look of the plane with diagonal triangle in wave C. so, in the short term, the declining of market in impulse wave 1 is possible.
On the 4 hour chart, the rush downward impulse in wave (i) was corrected by wave (ii), that took a look of the plane. So during the week, resuming of declining of currency pair in wave (iii) of [iii] is possible.
As it is shown on the 1 hour chart, after completion of diagonal triangle in waves wave of (ii) , downward impulse in wave i was formed. Because local correction may be considered as completed, in the future formation of stretching in wave iii of (iii) is possible.
Currency pair GBP/USD
On the daily chart of Pound-US Dollar, formation of downward impulse is continued in wave (C) of [Y], in the structure of which the fifth wave is developed. In the next days, further declining of currency pair is possible.
More detailed marking is shown on 4 hour chart. Supposedly, wave 4was completed as a double tree, after that rush impulse in wave [i], was formed and corrected by the second wave later. In the short term, further declining of pair in wave [iii] of 5 is possible..
Apparently, on the 1 hour chart horizontal triangle is completed in wave iv. So, during the Monday, beginning of currency pair declining in wave v of (iii) and breakage of wave iii minimum are possible.
Currency pair USD/JPY
Quite interesting situation is for Japan yen, because downward impulse in wave С is completed entirely. So, wave (2) or (B) may be considered as completed. Along with that, to confirm the beginning of growth in wave (3) of (C) it is necessary to wait the confirmation, i.e. formation of upward impulse in wave 1.
As it shown on marking of 4 hour chart, the fifth wave in frames of wave [v] is cut. Further if upward impulse or wedge in wave (i), is formed, it will be the first step of bulls returning on the market.
On the 1 hour chart, the internal structure of current movement is shown more detailed. After zigzag in wave (iv) the downward impulse in wave (v) of [v] was formed. So in the short term, the formation of wave i of (i) is possible.
Currency pair AUD/USD
On the daily chart of AUS Dollar, the price is still consolidated above the top border of downward channel. Supposedly, earlier wave 4 was completed taking the look of zigzag. Later downward impulse in wave [i] was formed and corrected by the second wave. It is quite likely that soon we will see the beginning of declining in wave [iii] of 5.
After the completion of wave [ii] as double zigzag, downward impulse was formed in wave (i). Apparently, local correction is to be completed that soon may result in beginning of market declining in wave (iii) of [iii].
On the 1 hour chart, it is seen that wave (ii) is taking the look of double zigzag, in the frames of which wave y is completed. If downward impulse in wave iis not formed, then it will be a confirmation of market returning to declining.
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