I’m sitting here, looking at the range of pairs and I can’t see a balance between them all. Perhaps I’ve not caught things correctly. Just as an example, EUR/USD appears to need losses while GBP/USD needs gains. It doesn’t seem correct. If there is any alternative in EUR/USD, perhaps we have seen a triangle and could just see gains and that would see a new high but with a limit at 1.1266. Seems a bit lame.
I’d suggest taking care. I still feel that EUR/USD should see losses. As for GBP/USD, well, should it just goes lower, then I’ll have to look for my error.
At least, we have USD/JPY moving down to the target I have suggested and that should also provide further bearish momentum for EUR/JPY also.
For the final conundrum, the Aussie hasn’t formed a bearish divergence. Ideally, we should see a second rally before going lower – an ideally with a bearish divergence. However, just keep in mind that we may just see losses.