EUR/USD
It is not improbable that EUR/USD pair continues to form the wave
E of (B) which contains the long-lasting
triangular in the wave
[b]. Thus, when the ascending impulse in the wave
[c] is completed, we might see the pair resumes falling further.
There is a more detailed marking of 1-H chart. It seems that the third wave is forming within the current impulse, and this wave can give space for further price movement. As such, in the near-term we might see new local highs on EUR/USD chart.
GBP/USD
Based on the current wave structure we can conclude that the wave
[ii] has been completed. However, due to a complex nature of correction we must wait for confirmation which is a descending impulse in the wave
(i).
A more detailed analysis can be found on the 1-H chart. The day before a descending impulse within the wave
[1] was formed which was afterwards corrected by the wave
[2]. Correspondingly, in the near-term we might see how the pair starts declining within the third wave.
USD/JPY
The bearish marking which implies a further declining of the price within wave
[v] of C is still in force. Most probably, in the short term we will see a further decline of the market within the wave
(iii) which is a part of a
diagonal triangular.
On 1-H chart we see a descending impulse developing within the wave
i. On the minor wave level there is a
triangular which is almost completed within wave
[4]. This can lead to the market declining within the wave
[5] of I soon.
AUD/USD
It seems that the wave
(ii) is still developing. A descending
wedge was formed earlier in the wave
(i). In addition, due to fast-moving current correction it is necessary to wait for confirmation of start of the wave
(iii) in the form of descending impulse in it.
As we can see on the 1-H marking, the fifth wave of wave
c of (ii) is coming to an end. The most important level here is the high of the wave
(i). If we see how the wave
i forms afterwards, this will be a sign of possible declining within the wave
(iii).