Elliott wave analysis on GBP/USD and EUR/JPY

 GBP/USD - The major [B]-wave triangle ended at 1.6301 and in the bigger picture we should a decline in wave [C] to below the ending point of wave [A] at 1.3498.
Zooming in on the first decline from 1.6301 we can see that we are in the final part of the decline. I'm looking for minor wave iv to end in the 1.5496 - 1.5526 area for one last decline down to 1.5183, which will mark the end of wave 1 down. 

EUR/JPY - Wave 3 ended at 95.57 slightly below the ideal target at 96.01. We are currently in wave 4, which I expect will end near 100.29 setting the stage for the final leg down from 111.43 in wave 5. The ideal target is near 94.32.