Hi everyone, hope you are all ok.

Let's get into it...

USDJPY Daily and 4Hour Charts are showing a possible Wave [iii] under development, although an Alternate #1 for a possible extended Wave [ii] is still in the cards.

The 4Hour Chart, under the current count, is showing a possible Wave (ii) of Wave [iii] completed at exactly %76 retracement of Wave (i) and it has bounce of the low trend-line slightly into a possible start of Wave (iii).

The 60Min Chart shows a messy Wave ii appearing to be completed below the lower trendline (blue) at nearly 0 reatracement (any further than the 0 would have invalidated the count).

Since Wave ii completion there has been a raise into Waves 1 and 2 (blue) and next we should expect Wave 3(blue) of Wave iii picking up the prices impulsivelly higher across the 109.00 price barrier and the price to remain above the 108.25 price for this count to remain valid. 

EURUSD Daily Chart is showing Wave [ii] possibly completed at %50 retracement, although there is still a real posibility that the correction gets extended to trigger the Alternate #1 count for a greater retracement; This coming week would decide between the alternate vs the current count.

The 4Hour Chart shows Wave i with 5 internal waves very impulsive to the downside and a Wave ii that might have found completion at just below the %62 retracement level as impulsive waves down suggesting Wave 1 and 2 (blue) of Wave iii are completed and Wave 3(blue) of Wave iii currently under development.

(Please note the Alternate #2 for a Wave ii extending towards the %76 level).

The 60Min Chart shows more in detail current Wave 3 of Wave iii internal waves.

GBPUSD has moved little throughout this week in the current correction but the current count remains the preferred count as it is looking now to reverse into Wave [iii] to the downside, although it has not picked up impulsive waves to the downside yet and remains stalled at the %62 retracement.

(The other Alternate count marked is for an extended Wave [ii] correction reaching the %76 retracement level or slightly higher).

The 4Hour Chart shows Wave iii has started in a slow mode with an internal Wave 2 correction almost reaching the 0 retracement level, hence nearly triggering the Alternate count... but, however, it has shown an impulsive move to the downside at the closing of the week that could suggest Wave 3(blue) is indeed now on the way.

The 60Min Chart is now showing the initial internal Waves (iii) of Wave 3(blue) possibly under development.

I'm expecting the price to drop more impulsively, and the price to continue lower across the end of previous Wave 1(blue) at 1.2766. 

CADJPY Weekly Chart shows 5 clear waves to the downside (2008-2009) and a correction that might have completed in 2015.

Which brought the price back down since then until 2017 (unless the correction is still being extended, as marked in the Alternate counts).

The whole count from 2008 until now has formed a downwards triangle that also suggest that the price could breakout lower, continuing the mayor trend.

CADJPY Daily Chart shows that the price is targetting the upper triangule trend line in Wave (c) of Wave [ii] with a current Wave iii under development.

And it has now formed a channel (blue-dotted) with its internal waves.

The 4Hour Chart shows more in detail that Wave iii has started with its internal Waves 1(blue) and Wave 2(blue) of Wave iii completed; Wave 2(blue) completing at the %62 retracement level.

CADJPY 60Min Chart is showing the innings of this Wave 2(blue) correction. And, although there could be different interpretations (i.e. a triangule ABCDE) I am inclined to use this one as the inner waves can be read quite clearly into different waves of 5 whereas an ABCDE should define more clearly internal waves of 3 instead.

Even this interpreetation can go into more detail with the clear internal waves but I have decided to keep it as simple as possible.

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

Andres