EUR/USD currency pair
Formation of the descending impulse in wave [i]
on the euro dollar continues. At the minor wave level, the fourth wave is coming to an end. In the short term, the resumption of price reduction in the wave (v) of [i]
On the hourly chart shows a more detailed layout of the current impulse. After the extension in wave (iii)
completed, the ascending zigzag in wave (iv)
is ending. It is very likely that during Thursday the price decline will resume.
GBP/USD currency pair
The pound continues to decline, breaking the minimum of wave [iii]
. Apparently, a downward extension is developing in wave (iii)
. At the minor wave level, the end of wave iii and the beginning of an upward correction is possible.
As can be seen from the layout of the hourly chart as part of a wave iii the fourth wave is coming to an end. During the day, a break through the minimum is possible in the course of the decrease of the pair in wave  of iii
. Subsequently an upward correction is likely to develop.
USD/JPY currency pair
Presumably, formation of the wave Y of (4)
is finished, taking the form of a zigzag. Subsequently, the bullish momentum in wave (i)
was formed, and corrected by wave (ii)
. It is very likely that it will soon be followed by continued growth in wave (iii)
It is likely that on the hourly chart wave (ii)
is completed in the form of a zigzag
. At the minor wave level, upward momentum in wave I
was formed, then a correction started. In the short term, the resumption of growth is possible.
AUD/USD currency pair
Apparently, the formation of wave [ii]
completed in the form of a Double Zigzag
. Most likely, downward price movement will renew within wave [iii]
as part of a diagonal triangle within wave 5
On the hourly chart, after the end of the zigzag in wave (y)
, a bearish impulse in wave I
was formed. During the day, the end of the local correction is possible, after which the market is likely to go into a new round of decline in wave iii