GBPUSD
GBPUSD made a nice push lower from our resistance levels around the 1.344 mark, so now we are tracing out the blue wave ABC correction with wave A already completed and wave B unfolding now. Resistance for wave B comes in around 1.3380 area, from where wave C should reach lower levels to around the area of the former wave iv).
GBPUSD, 1H
AUDUSD
On the 1h chart of AUDUSD, we are observing a higher degree of impulsive structure taking place in black wave A, that seems to be near completion. That said, we see the price trading in a probable ending diagonal in blue wave v-circled of A, that could indicate a reversal lower after its completion. Ending diagonals are powerful reversal patterns, that can push markets in the opposite directions after they are recognized.
AUDUSD, 1H