My view today on GBPUSD for the 4th and 5th waves. Note that I am not predicting when will happen, only the extremes of waves. Speed is almost impossible to predict, really depends on the News, the motion tool.
Now that we have some waves drawn, here an update of the probable waves in my view. Same targets, no change.
Here's my preview of what could happen. Clean with no details but based on wave counting and measure.
My levels for XAUUSD on 1 Month Chart. use them as SRs.
EU must show that can pass half between 1.12351 and 1.11357. So, this wave can finish @ 1,12099 and close at 1.0992, finishing this second impulse wave and mark this quarter Low there, what I was expect for some days ago. Now, we must check if will be successful.
My view for next Quarter on GBPUSD. If this Low made after Brexit holds (1.3226) , then we can have this scenario: Close of this Month/Quarter with a blue candle at around 1.4514, then a downtrend to around 1.2460. Next quarter High must be at around 1.4505 to this scenario works, however current month could go higher, but not to much. Around 1.2460 many things...
Looks like EURUSD Wants to pull from 1.09720 next month. For that it must not go below 1.0814 and close current Month above 1.0972. Also must be Next Month Low. Two targets then possible: 1.162 or 1.1773
After made analysis on the Higher Time frames (Year, Quart, Month), my conclusion is that the next target for XAUUSD will be the 1323.8. As always he can make this in several ways even going lower of this current wave, the 1276.2. However this suddenly Uptrend and the fact that this wave remains active, let me suppose that they want to reach it from this point. If...
My levels SRs based on impulse waves. Not retracements or pivots or any fancy stuff. Just fibo levels that result from wave counting and my own impulse theory.
Here are my SRs for USDJPY , These points are exclusive produced by myself based on my method of wave counting. Use it as SRs and precise turnaround points. Good luck.
Still convinced that the target will be 1.263. This will be a good setup to do that as all waves except last are pointing to 1.2883, however still missing a 4th wave to confirm that could be done by going to 1.27623. Also today is a good day for that because seems that EURUSD also is finishing is first wave down.
1.12571 SR hasn't hold. so the must probable point for pullback is 1.12462. However could hit the 1.12426 level as long as it closes above 1.12462
EURUSD has defined 1.12223 has the target with a probable 4th wave @ 1.12321 up to 1.13123. First however must do the 4th of this 3rd wave to let at lest one 4H blue candle.