AUDUSD touched 0.6936 but market turned up from there in the last two hours so it looks like wave (b) is part of a flat correction. That said, price can still reach levels around 0.7060/0.7080 before downtrend will resume.
AUDUSD 1h Elliott Wave Analysis
GBPUSD is slow and choppy in a 100 pip range that should be a corrective move, because of three wave structures in wave (a) and wave (b) down. As such, we favour idea of a triangle that can be unfolding in wave 4 so we will continue to look for more weakness after waves (d) and (e). For now price is still only in wave (c) so correction can be here for few more sessions.
GBPUSD 30min Elliott Wave Analysis
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