On the FX, we are still tracking bullish counts for the USD against several pairs. On GBPUSD we adjusted the wave count, where structure is still looking bearish as rally from the low seems to be in three legs and limited at former swing low. Therefore, trend remains down for now, but rally above former wave iv) would put bearish view in question.
GBPUSD 1h Elliott Wave Analysis
gbpusd elliott wave
EURUSD is also holding bearish pattern, but current fourth wave is expected to make a deeper corrective rally. Former wave four and 38.2% comes in at 1.2760, so that would be an ideal level for end of a wave (iv). Invalidation level remains at 1.2824.
EURUSD 1h Elliott Wave Analysis
EURUSD Elliott Wave

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