AUDUSD Critical Juncture

AUDUSD remains at a decision point. It can either breakdown to new lows or begin a final impulse higher. This secondary support must not be breached significantly in order for this count to remain valid. Either way this breaks, I expect to see large moves.

GBPJPY D Wave Complete

There appears to be at least one three wave move lower in the GBPJPY before higher levels are seen. Usually a third test of a significant level of resistance gives way. However in this case, as Wave C Green did not register new lows, it is likely that the current thrust will not make new highs yet. With the invalidation point nearby, a short from current levels seems justified.