EUR/USD
4 hour
The EUR/USD managed to break above the 1.15 resistance level (dotted red) after it completed the wave X (purple) last week. Price could continue to higher Fibonacci targets. The wave C (blue) could change into a wave 3 if price manages to extend the bullish momentum.
1 hour
The EUR/USD is in a neat bullish channel which is marked by support (green) and resistance (red). A bearish break below the channel indicates that price has completed the bullish momentum such as a wave 3 (green). The Fibonacci levels of wave 4 could act as support.
GBP/USD
4 hour
The GBP/USD remains in an uptrend as long as price stays above the support trend line (green). Price is showing signs of struggle now at the horizontal resistance (red) but price seems to be slowly breaking above it.
1 hour
The GBP/USD is showing a rising wedge chart pattern but this does not have to indicate an immediate reversal.
USD/JPY
4 hour
The USD/JPY broke the triple bottom (dotted green) and price is falling towards the Fibonacci levels of wave 5 (green).
1 hour
The USD/JPY has respected the 38.2% Fibonacci retracement level of wave 4 (orange) as mentioned yesterday. Price could extend the 5th wave with an extension due to strong bearish momentum and lack of divergence via a wave 4 and 5 (orange).
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