EUR/USD - Failed in the 133.80 - 133.90 area once again. As long as we don't break below 132.50 we still could see a move higher, but the risk of a failure break slightly above 133.85 is high.
A break below 132.50 will confirm the next decline towards the neckline support near 130.10.
GBP/USD - I still favor that we are in a wave ii of 3 down. If this count is valid we only have little more upside (we will have to stay below 161.65) before the next powerful decline sets in. A break below 157.70 confirm the next decline have begun.
Any break above 161.65 will make the Alternate count the preferred count, which holds that we haven't finished the triangle yet, but are still in Wave "E" and the final thrust down hasn't begun yet.
No matter which scenario is correct the final outcome will be a size able decline.
EUR/JPY - The correction from 111.43 has proven it self to be more complex than I first anticipated. It does look like a possible triangle is building, if this is the case it can and should "only" be a B-wave triangle still calling for a move down in wave C.
If it's a B-wave triangle we are not yet finished and still need more work to be done inside the triangle-boarders.
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