EUR/USD
4 hour
The EUR/USD is building a downtrend with clear low lows and lower highs. However, deep Fibonacci support levels could still create a pause or bullish bounce. The wave count is vulnerable to change if price breaks below these levels.
1 hour
The EUR/USD could have completed an ABC bearish zigzag (orange) down towards the wave X (purple) but a break above resistance is needed before the completion of the ABC becomes more likely.
GBP/USD
4 hour
The GBP/USD seems to have completed a wave 3 (pink). Price could now be in a wave 4 (pink) retracement. Price could find resistance at the Fibonacci levels of wave 4 vs 3.
1 hour
An ABC correction did indeed take place as part of wave 4 (pink). The question is whether the wave 4 will expand further. If so, then a WXY (blue) correction will unfold. If not, then price could break support levels and continue as part of wave 5 (pink).
USD/JPY
4 hour
The USD/JPY broke the small resistance trend line (orange dotted) and is making one more bullish push up towards the resistance levels. A bearish turn at resistance would confirm the development of a wave Y (blue) in wave X (brown).
1 hour
The USD/JPY indeed completed a bearish ABC zigzag (pink) within wave X (green). Now price could be building a bullish ABC zigzag (pink too) within another wave X (brown), which could be a resistance spot for a bearish turn.
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