Apart from USD/JPY, we should see some limited swings. We’re close to the expansion level in EUR/USD that will take us back higher while USD/CHF needs a rally and reversal. GBP/USD – well, I realised that we had a puny (purple) Wave v that reached the (brown) Wave -iii- and Wave -iv- and should soon see the Wave -a-/-v-. I think you know the rest… Basically, we need swings but not too strong.
I think we can work with USD/JPY in a correction lower – to then see gains resume. In EUR/JPY, we have reached the Wave -iii- so even that needs a 3-wave decline to complete a Wave [a].
Down under, we’re close to reaching the (cyan) Wave -iii- but we’re beginning to see bullish divergences – thus take care. Ideally, we need a move down towards 0.6847.