EUR/USD
4 hour
The EUR/USD is most likely in an ABC (purple) zigzag unless breaks below the horizontal support (lighter green).
1 hour
The EUR/USD was indeed in the final 5th wave (green). Price has in the meantime pulled back to the 50% Fibonacci retracement level of the larger potential ABC zigzag (purple).
GBP/USD
4 hour
The GBP/USD corrected up to the 23.6% Fibonacci retracement level of wave 4 (blue), which could have already completed the correction. However, waves 4 are typically very long and often have large consolidations. This bearish price action could still turn out to be part of wave 4, unless price manages to continue its bearish impulse below the support of the downtrend channel (green).
1 hour
The GBP/USD broke below the key support trend line (green), which changed the wave structure to a bearish impulse. Price is most likely in a wave 4 (green), unless price breaks above the 61.8% Fibonacci level. In that case, the wave count will be changed to a WXY within wave 4.
USD/JPY
4 hour
The USD/JPY is moving sideways and has multiple support and resistance layers nearby.
1 hour
The USD/JPY seems to have expanded the wave 4 (green) and price is now currently in a contracting triangle chart pattern.
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