Waves give us a clue

EUR/USD

If our assumption about a large descending zigzag (E) of [B] is correct, then wave B of (E) of [B] may be taking the form of a long horizontal correction. Later this correction may be followed by a descending movement inside the second part of zigzag, wave C of (E) of [B].

We can’t exclude a possibility that wave B of (E) of [B] is taking the form of horizontal triangle or a long horizontal correction. In this case, the price is expected to start forming a descending zigzag [d] of B.

We can’t exclude a possibility that Euro is finishing an ascending correction (b) of [d], which may be followed by the second “leg” of zigzag [d], wave (c) of [d].

GBP/USD

The price continues forming a possible descending zigzag Y of (D); its correction [b] of Y of (D) may take the form of horizontal triangle, which may be followed by a descending movement inside the second part of this zigzag, wave [c] of Y of (D).

We can’t exclude a possibility that wave [b] of Y of (D) is taking the form of horizontal triangle. It looks like right now the price is finishing an ascending zigzag (c) of [b] of Y of (D). If this assumption is correct, later the price is expected to form a descending zigzag (d) of [b] of Y of (D).

New wave structure at the H1 chart implies that Pound is completing an ascending zigzag (c) of [b], which may be followed by a descending zigzag (d) of [b].

USD/CHF

We can’t exclude a possibility that Franc is forming an ascending zigzag C of (4) and its correction [b] of C of (4) is taking the form of horizontal triangle.

If our assumption about horizontal triangle [b] of C of (4) is correct, then right now the price is forming an ascending zigzag (d) of [b] of C of (4) and completing a local descending correction b of (d) of [b] of C of (4).

We can’t exclude a possibility that the pair is completing a local descending correction b of (d) of [b], which may be followed by wave c of (d) of [b] of zigzag (d) of [b].

USD/JPY

We may assume that the price is completing an ascending wedge (A) of [4], which may be followed by a large descending correction (B) of [4].

We may assume that the price is forming an ascending zigzag (d) of [iv] of 5 of a long horizontal correction [iv] of 5.

We can’t exclude a possibility that the price is finishing a local descending correction b of (d) of [iv] of 5, which may be followed by an ascending wave с of (d) of [iv] of 5.