As far as I can see, we are still looking at a bullish dollar, but with the caveat that we really only have a modest follow-through over today – and maybe into tomorrow.
We should see a Wave v soon in USD/JPY for a pullback. How deep the pullback will be is not really known but most likely fairly deep. In EUR/USD we are close to a Wave -iii-. However, we haven’t yet seen alternation and that tends to suggest a deep Wave –b-/-v-. That tends to suggest a rather limited range day. Strangely, in USD/CHF, we’re seeing a decline but perhaps, as this pair can slow down we may just see this through. In GBP/USD, we’re looking to find the (brown) Wave c/iii and onwards – but clearly to complete the Wave v and thus a Wave [a] for a pullback.
EUR/JPY has completed a Wave (a)/(iii) and followed by a limited pullback. However, it tends to suggest a rather limited correction.
The Aussie has formed a Wave -i- and therefore we should be looking for bearish reversal indications in Wave -ii-.