EUR/USD
4 hour
The EUR/USD is retracing lower as part of a wave B (green) but any of the Fibonacci retracement levels could be bouncing boards for a renewed upside to complete wave C (green).
1 hour
The EUR/USD broke above a short-term resistance line (dotted orange) but might struggle with moving higher due a potential bearish ABC zigzag pattern (purple) that could occur during today's trading day.
GBP/USD
4 hour
The GBP/USD has broken above the horizontal resistance (dashed red) but could stall with the uptrend due to the major 38.2% Fibonacci retracement level of wave B (black). After a small bearish retracement however price is expected to pusher higher as part of an ABC correction (blue).
1 hour
The GBP/USD has either completed wave 5 (magenta) of wave 3 (green) OR it is building an expanded internal 5 waves (blue). The difference can be seen in the Fibonacci retracement levels of the wave 4s (green vs blue).
USD/JPY
4 hour
The USD/JPY has bullish momentum but it is approaching a key resistance level (purple), which is the invalidation level of the ABCDE contracting triangle chart pattern at the top of wave B (magenta).
1 hour
The USD/JPY is building a rising wedge chart pattern which increases the chance of wave Y (purple) being completed.