Awesome analysis, but I must add.
Due to the latest financial news and turmoil I suggest that the latest market trends are more fundamental as well as psychological. As I stated before hand..(
Reflexivity) the retracements of the GBP/USD and EUR/JPY are corrections of the marketplace due to the high levels of speculation from major hedge funds and institutions in the last year or so from all spot markets. The recent decline of these two pair were and aftershock, so you to add to you thesis about the bouncing of pairs...yes I speculate that these pairs should be bouncing UPWARDS in the next couple of months to come.
Much success on your Trading/Speculating!!!