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Good evening everyone.

I hope the day was good to you.

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EURUSD

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We seem to have a three wave structure in place this evening off the wave 'i' low at 1.1299.
The price topped out today at 1.1499.
But I do not like the form of the rise off wave 'b' grey.
It looks very overlapping for a five wave structure.

The target for wave 'ii' was set above 1.1500 ideally,
This adds to my suspicion that something bigger is going on in EURUSD.
And it may even point to the second alternate wave count shown as wave [c] above the 1.1800 level.

The price has dropped off todays highs this evening.
So the current wave count is still valid.

Tomorrow;
If we see a break of support at 1.1299,
that will signal that wave 'iii' down is underway.
1.1623 is the trigger level for the alternate count.

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GBPUSD

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The action in cable is just as strange at the moment!
The wave count calls for a rise in wave (c) of [ii] to hit 1.3298,
and this still holds true for now.

The action off the wave 'iv' low at 1.2951 is almost impossible to decipher.
The price has overlapped countless times and the price just keeps rising.
There is a chance that this is an ending diagonal wave 'v'.
But we will have to wait and see.

Tomorrow;
The target remains at 1.3298 for wave (c), 1.2951 must hold.
When wave (c) completes I will look lower again to begin wave [iii] down.

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USDJPY

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USDJPY has dropped off the final high in wave 'b' today.
I have labelled the decline as wave '1' and '2' of a larger five wave drop in wave 'c'.
This next decline towards 109.00 in wave 'c',
should complete a larger correction in wave [ii] grey.
And we can then finally set our sights higher in the long awaited wave [iii] grey.

Tomorrow;
Watch for the wave 'b' high to hold at 113.80.
Wave '3' down will be confirmed with a break of 112.50.

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