Tue 08-01-2019
USDJPY
Wave ii is taking long to pull down the c wave to complete before raising to start Wave iii.
There has been no much price action today either so I can not see any alternative interpretation at the moment.
60Mins
4Hours
Daily
GBPUSD
GBPUSD has now shown amore clear 5 wave count on the upside for Wave (c), where Wave iv is underway and should not go lower than Wave i @1.2600 before going up again on Wave v.
60Mins
4Hours
Daily
EURUSD
Yesterday on EURUSD I mentioned my doubts on the current count and that would be invalid as soon as Resistance levels created by previous Wave c is passed @1.1495 and the alternate count drawn as an extended Wave[ii] would jump to place.
Today it is still undecided, although I am starting to favour the alternate count for what might start to look like a 5 Wave structure similar to GBPUSD.
60Mins
4Hours
Daily
EURCHF
EURCHF picture also has not changed much as it is still developing Wave (b) of Wave [iv].
60Mins
4Hours
Daily
AUDUSD
Not much price action on AUDUSD either so I am still expecting a Wave (ii) Correction on the downside from what appears to be a very strong impulsive Wave (i).
60Mins
4Hours
Daily
USDCAD
USDCAD also not much change since yesterday: impressive impulsive series of waves to the downside on Wave (b) is making the trend levels much closer for a possible low-risk entry to take on Wave (c) towards the upside.
60Mins
4Hours
Daily
USDCHF
Still waiting for that touch on the trendline; USDCHF trend is best seen on the 4Hour Chart which is also taking course very rapidly on the donside towards trend Support levels for a low-risk entry.
60Mins
4Hours
Daily
EURGBP
EURGBP looks like about to finish Wave B (best seen in the Daily chart) on a series of combination corrections and soon to make its way down ona Wave C.
Looking at the 4Hour chart might take few days or a week to arrive to the upper trend line that has been developing since beginning of December.
And looking at the Hour Chart it might be developing a Wave ii on a 5 wave structure to complete the Trend up.
60Mins
4Hours
Daily
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