GBPUSD is showing a slightly different count than EUR, but it is also bearish. We see a possibility for an immediate continuation down towards 1.6170 within wave iii. The intraday trend for GBP remains down as long as 1.6292 holds in place.
GBPUSD 1h Elliott Wave Analysis
EURAUD has recovered very strongly in the last three weeks from 1.3800, a move that can be counted in five waves, ideally we are now within an ending diagonal forming in wave 5), so the current upside can be limited. We expect a corrective reversal in October that can then be an opportunity to join the trend.
EURAUD 4h Elliott Wave Analysis
