EUR/USD currency pair
The euro dollar continues the formation of wave
4, and takes the form of a
zigzag. Previously it formed a downward momentum in the wave
3 or C. In the short term, perhaps there will be the resumption of a local reduction in the wave
[b] of 4.
More accurate markings are shown on the hourly chart. It is likely that the wave
[b] is taking form of a
zigzag, which includes the start of a decline in wave
(c). Subsequently, a further downward movement and the breakdown of the minimum of wave
(a) are possible.
GBP/USD currency pair
After the alleged end of wave
[ii] the pound is trying to resume its decline. It is likely that the wave
(ii) was short-lived, and was completed the day before. Accordingly, a further resumption of the downtrend is possible.
As you can see from the hour chart a downward momentum in the wave
(i) is formed. Presumably, the plane in the wave
(ii) is finishing. During the day, perhaps the diagonal triangle in wave c of
(ii) will conclude.
USD/JPY currency pair
Most likely, a decline of the Japanese yen is resuming. Previously a
zigzag in wave
X was completed, after which the price has formed a bearish impulse in wave
(i), and adjusted in a plane wave
(ii). In the coming days a further decrease in quotations in the wave
(iii) is possible.
On the hourly chart the wave
(ii), presumably, assumed a flat plane. At a junior wave level, a bearish wedge in wave
(i) probably formed. In the short term, a decrease in quotations in the wave iii of
(iii) is possible.
AUD/USD currency pair
With the AUD the wave formation [ii] is coming to an end. Accordingly, soon there will likely be a resumption in the reduction of quotations in the third wave. Earlier, after a double three in the wave 4, a bearish wedge in wave [i] was formed.
As you can see from the hour chart, wave
[ii] takes the form of a
zigzag. After the end of the impulse in wave
(c) resumption of the decline is possible, as evidenced by the formation of a bearish momentum in wave
(i).