EUR/USD
4 hour
The EUR/USD continued yesterday with its bullish bounce which could be part of an ABC correction (magenta) of a larger wave Y (blue) and wave 4 (light green). The failure for price to break below the bottom (green line) could indicate the potential for a bigger consolidation on the US Dollar.
1 hour
Price action fits neatly within the uptrend channel (blue). A break above the channel is needed to confirm the wave 3 (green) of wave A (magenta).
GBP/USD
4 hour
The GBP/USD has rallied all the way back from the bottom (green line) to the top of the range (orange line).
1 hour
The GBP/USD is an uptrend channel (green lines) and will need to break above resistance (orange) or go back to the bottom of the channel before bullish could be expected.
USD/JPY
4 hour
The USD/JPY is in a sizeable consolidation at the moment and is correcting within a wave Y (green).
1 hour
Price is contained by a downtrend channel (blue) and a support trend line (green). The invalidation level of the ABC (purple) wave count is the top of wave X (green) which is the 100% Fibonacci level.