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 Wave (ii) of Wave [iii] completed at exactly %76 retracement and it has bounce of the low trend-line impulsivelly into a possible start of Wave (iii).

The 60Min Chart shows Wave iii completed with 5 clearly impulsivelly waves.

Wave iv correction it is now taking its turn; And for the rule of alternation, as Wave ii was a deep correction, Wave iv should be a more moderate correction (i.e. a flat correction) and, regardless, should not enter the price of Wave 1 (@ 109.10).

EURUSD Daily Chart is showing Wave [ii] possibly completed at %50 retracement, although there is still 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 a Wave ii that might have found completion at just below the %62 retracement level as impulsive waves pushes further down.

Wave 1 (blue) of Wave iii seems to have completed and Wave 2(blue) of Wave iii should be now on its corrective way.

(Please note the Alternate #2 for a Wave ii extending towards the %76 level is also possible and Wave iii would only be confirmed after crossing the end of Wave i at 1.0988).

Also note that, to match the length of Wave i, I have relabelled the internal waves (labelled in blue) of Wave iii to a lower degree (which would turn into a more bearish outlook).

The 60Min Chart shows more in detail current Wave 1(blue) of Wave iii internal waves, where Wave 1(blue) might have just been completed and a Wave 2(blue)  correction could be underway.

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

Andres