EURUSD
The EURUSD is in a potential wave 3 (blue). The bearish wave count will not change as long as the EURUSD remains below the resistance levels (red and orange).
4 hour EURUSD:
Price is in a short-term uptrend but approaching various resistance levels and is therefore at a decision spot: bounce at or break through the resistance.
60 min EURUSD:
GBPUSD
Price is approaching the support trend line (green) which has indicated the bottom of the consolidation.
4 hour GBPUSD:
Price stopped at the 61.8 Fibonacci resistance level and turned back down, which was most likely the completion of wave 4 (blue).
60 min GBPUSD:
USDJPY
Price made a bounce at the 61.8 Fibonacci and could be heading towards the wave 5 Fibonacci targets.
4 hour USDJPY:
The invalidation level of wave 4 (blue) is the top of wave 1 (blue) which is indicated by a horizontal trend line (light purple).
60 min USDJPY:
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