German DAX
DAX can be turning down for another leg to around 10330 or maybe even the 10200 level, as we see the triangle placed in wave B. This is a continuation pattern that is pointing down into wave C of 4) while the market is trading beneath10660.
German DAX, 1H
GBPJPY
GBPJPY is moving up for the last few days, but bulls can slow down as we see the market trading at 134.00 area. It appears like a nice resistance region from where the market may turn south again from wave four into wave five of a decline. A decisive break beneath the channel support line will indicate a completed recovery.
GBPJPY, 4H