All three of these currency pairs--the euro/U.S. dollar (EUR/USD), Aussie dollar/U.S. dollar (AUD/USD) and the British pound/U.S. dollar (GBP/USD) -- currency look great and are easy to count. Looking first at the GBP/USD, we see a five-wave drop in play down from 1.3213 area which is a trait of a bearish impulse, and which suggest where the intra-day trend can be going.
We noticed that some of the cryptocurrencies can be completing a big bullish triangle pattern. In 2017, we have seen sharp and impulsive rise in the whole Crypto market, but later in the beginning of 2018 cryptocurrencies began to fall and we noticed that some of them can be approaching the end of a correction soon.
As expected, gold made nice three waves of correction back to projected 1250 support level, but there can be room for deeper and more complex correction down to around 61,8% Fib. retracement and 1245 level.
The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from the 0.9786 low.
On the daily chart of the U.S. dollar/Japanese yen (USD/JPY) currency pair we see price trading in a bigger, complex and slow corrective pattern, which is in Elliott wave theory known as a triangle. A triangle has five waves, and each of the five waves has three minor legs, however, one wave in a triangle can always become more complex.
LastI posted a new video analysis where I talked about the euro versus the Canadian dollar based on recent developments on the euro/U.S. dollar (EUR/USD) currency pair, the USD/CAD currency pair and crude oil. I came out with a conclusion that bounce can be seen on EUR/CAD, which can be even impulsive so it can take us much higher in days ahead.
The British pound/Japanese yen (GBP/JPY) currency pair may be trading at the start of a bigger bearish cycle, with the first wave one completed. The current complex rise from latest low (144.98) can be regarded as a temporary pause within the downtrend, labeled as wave two, which can see possible resistance and a new bearish reversal around the 150.92-152.30 region.