Hi everyone, hope you are all ok.

Let's get into it...

USDJPY is still moving up impulsively off the small trend line (red-dotted) in the 4Hour Chart.

The 60Min Chart is showing to have completed Wave iii of the first Wave (i) up.

So, next we should expect a correction for Wave iv and the price should remain above the highest of Wave i.

EURUSD is still raising (by looking at the 4Hour Chart), while developing corrective Wave [ii].

Although in the 60Min Chart there has not been much price action other than sideways.

This sideway action should still be Wave ii, and there is still the posibility of this correction to retrace lower towards the hight of the lower degree Wave 4 into the %50  or %62 retracement area before heading up for Wave iii.

GBPUSD in the 4Hour Chart is showing the initial Wave (i) of Wave [iii] might have started; Leaving Wave [ii] completed at between %38 and %50 retracement of Wave [i].

Although there is an alternate count for a possible further raise in a continuing Wave [ii] correction towards the %61 retracement.

There has not been much price action with this pair either in the 60Min Chart. And is still showing a possible Wave ii with this sideway corrective move; Further action would decide whether further impulses down is the beginning of Wave (iii) although further raise could trigger the alternate count for an extended Wave (ii) could aim towards the 1.2450 area at around the %62 retracement area.

All the best for everyone and please do not hesitate to contact me if you have any questions or comments.

Andres

info@tradingwaves.org