EUR/USD
4 hour
The EUR/USD seems to be building a bearish correction as part of a wave X (blue). As long as price stays above the trend line support (green), then an expansion of a wave WXY (blue) seems the most likely scenario.
1 hour
The EUR/USD seems to have completed an ABC bearish zigzag (green) back to support (green). A break below support could see price fall towards the Fibonacci levels. A break above resistance (red/orange) could see price start a wave Y (of blue).
GBP/USD
4 hour
The GBP/USD has again reached the bottom of the downtrend channel. Price has also hit the 78.6% Fibonacci target and has the potential to fall towards the next Fib levels.
1 hour
The Cable respected the 38.2% Fibonacci retracement level of wave 4 (grey) and made a bearish turn. Price could face support at the trend line and Fib targets.
USD/JPY
4 hour
The USD/JPY is near the daily support levels (blue), which could cause price to show a bullish bounce. If price does break the resistance trend line (orange), then this could confirm the continuation of a wave Y (brown).
1 hour
The USD/JPY seems to be building a large corrective chart pattern when viewing the trend lines (orange/green).
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