Currency pair EUR/USD
At the moment the variant for the wave (B)
ending with a triangle
is still prevalent. It appears that currently new descending wave [i]
is forming, and successful ending of that wave would confirm that bears are back on the market.
As we can see from 1 hour chart, the wave [i]
getting the shape of the falling wedge
, and there is a new wave forming within it. So that in short term perspective breakage of previous wave (i)
minimum is quite possible.
Currency pair GBP/USD
It appears that on 4 hours chart for pound, zigzag
has been formed in the wa ve (y) of [ii]
. However, we would be able to talk about new downwards price movement iteration only when we see descending impulse
in the wave (i)
More details can be learnt from 1 hour chart. Current downwards movement had been started with the new wedge
in the wave i
, which has been corrected by flat shape
in the wave ii
. Soon we should expect a start of downwards movement within the wave  of iii
Currency pair USD/JPY
For Yen we can see a further formation of wave (ii)
within anticipated diagonal triangles
in the wave [v] of C
. In the short term there is a good chance for local maximum breakage, which might lead to a strong price descending in the wave (iii)
It appears that on 1 hour chart new upwards impulse is currently being formed in the wave [C] of y
. It is quite possible that in the short term perspective currency pair would continue to move upwards, which might lead to breakage of the wave w
Currency pair AUD/USD
When the flat shape
in the wave (ii)
had been ended, we saw a rapid downwards market movement. It is possible that wave (iii) is extending
. So that we can expect further currency pair descending during the week.
More details can be seen on the 1 hour chart. It appears that downwards movement would continue even today within the wave  of iii
, which leads to yesterday minimum breakage.