AUDUSD is showing some nice price action on the intraday charts. Notice that we can count five waves up from 0.9351 referred as an impulse wave that is showing direction of a trend. This one is up so we expect a continuation after a three wave set-back that may find a support on Monday, Tuesday around 0.9380 level.
AUDUSD 1h Elliott Wave Analysis
With weak stocks we may see a continuation lower on USDJPY from current intraday consolidation that looks like minor fourth wave. As such, pair could re-test the lows and even extend down to 101.20 in the very near-term. Only rally above 101.73 will require an updated count.
USDJPY 1h Elliott Wave Analysis
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