EURUSD
Yesterday price retraced back to the 50 Fibonacci retracement, which is usually the maximum pullback for a wave 4. The invalidation level of the wave 4 (blue) count is the bottom of wave 1 (blue).
4 hour EURUSD:
A smaller consolidation (red&green) is appearing on the charts within the upward channel (light green&orange).
60 min EURUSD:
GBPUSD
The GBPUSD is most likely consolidating for a wave 4 (blue).
4 hour GBPUSD:
Price indeed made the bounce back up at the support level as indicated by yesterday’s wave count (wave Y purple). Wave 4 (blue) could be completed at the 38.2 or 50 Fibonacci levels.
60 min GBPUSD:
USDJPY
Wave 5 had a bullish accelerating when it broke the top of the uptrend channel (blue).
4 hour USDJPY:
The USDJPY bullish momentum has been completing several wave 3’s and is now pushing towards the 120.
60 min USDJPY:
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