with strong bearish trend on USDJPY, the pair might be preparing for some strong reversal. keeping my eyes on those levels on the charts.
A wave B might just be finished, which could drive GBPUSD lower. As always there is also a Bullish path.
Again, three possible outcome for EURJPY
THREE POSSIBILITIES
USD looking dicey. the (w)(x)(y) wave strengthens my bullish stand on usdjpy.
A Zigzag, a lowwer price could follow.
After the five impulsive moves, a drop awaits
A flat in the mix on the weekly time frame.
possibly a flat with and ending diagonal
wxy... An ending diagonal to finish the move or just hit my stop loss and go to hell.
Possibly a Flat ABC...
Wave (W), a zigzag, (X) a triangle and (Y) unfolding wil likely see a minute wave (a)(b)(c) a rally before dropping for the final leg of wave (Y)
USDCHF looks to be finishing a wave(4), we could see the bears take this pair low. but let's just focus on hitting the first target.