Hi everyone, hope you are all ok.

Let's get into it...

USDJPY; The 4Hour Chart, as per current count, is showing that Wave (b) of Wave [ii] could be about complete in the form of a Zig Zig correction (5,3,5) towards the lower trend line (blue).

Although there is a real posibility that the alternate count marked as small Wave [ii] to have completed already at between %23 and %38 retracement level; In which case the current rally would be Wave [iii] to have already started its way towards the upper trend line (blue).

The 60Min Chart, as per current count, is showing the last leg of Wave (b) of Waved [ii] nearly or already completed within a Zig Zag Correction.

Hence, once Wave (b) completes we should expect the price to drop again in the form of 5 Waves for Wave (c).

EURUSD 4Hour Chart shows to have completed Wave [ii] at exactly %50 retracement of Wave [i] and now moving down impulsively in Wave [iii], with its internal Wave iii completed and Wave iv nearly completed; And, once completed Wave v should take the price towards the 200EMA.

The 60Min Chart is showing Wave i completed with 5 clear internal waves,

Wave ii also showing 3 clearly defined waves,

Wave iii has also comnpleted 5 internal waves, 

and now Wave iv has raised towards the limit for this count - at the lowest of Wave i (1.1105).

Next, Wave v should take the price lower to complete Wave (i) of Wave [iii] and then a corrective Wave (ii) should take the price up for a retracement.

GBPUSD has a very similar shape as EURUSD and has also completed Wave [ii], although at almost %76 retracement of Wave [i] instead. With Wave iii of Wave [iii] on the way.

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

The 60Min chart is showing Waves i and ii of Wave (i) completed, with clear defined internal Waves.

Wave iii of Wave (i) looks to have completed its internal Wave 1 (blue) and Wave 2 could also been just completed now.

Next, I expect the price to carry the impulsive waves down.

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

Andres