Apart from USDJPY, we should see some limited swings. We’re close to the expansion level in EURUSD that will take us back higher while USDCHF needs a rally and reversal. GBPUSD – well, I realised that we had a puny (purple) Wave v that reached the (brown) Wave -iii- and Wave -iv- and should soon see the Wave -a-/-v-. I think you know the rest… Basically, we need swings but not too strong.
I think we can work with USDJPY in a correction lower – to then see gains resume. In EURJPY, we have reached the Wave -iii- so even that needs a 3-wave decline to complete a Wave [a].
Down under, we’re close to reaching the (cyan) Wave -iii- but we’re beginning to see bullish divergences – thus take care. Ideally, we need a move down towards 0.6847.
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