EUR/USD
4 hour
The EUR/USD is showing a bearish trend continuation and price is heading towards the Fibonacci targets of wave 5 (purple).
1 hour
Price respected the 38.2% Fibonacci level which confirms a wave 4 (green) turn and price headed lower as part of wave 5 (green). The EUR/USD is now building a mini bear flag as part of wave 4 (blue). A break above the bottom (purple) of wave 1 (blue) invalidates the current wave structure.
GBP/USD
4 hour
The GBP/USD's support (green) and resistance (orange) trend lines mark the boundaries of the current consolidation A break above the 100% Fibonacci level marks the invalidation level of the wave 1-2 (pink) structure.
1 hour
The GBP/USD is in a triangle chart formation with support (blue) and resistance (orange) trend lines nearby. The invalidation level of the current wave 2 (green) is a break above the 100% Fibonacci level.
USD/JPY
4 hour
The USD/JPY wave count was changed to reflect the break above the first resistance level (purple). Price has however not yet broken the bigger resistance zone of the entire consolidation. A bullish breakout would mean that price could head higher towards the Fibonacci targets of wave Y (brown).
1 hour
The USD/JPY is in an uptrend channel (dark green lines) and is testing the resistance top (brown). A break of the channel could indicate the completion of a wave A (blue). A break of the support trend line (dark green) marks the invalidation of the wave B (blue). A break above the resistance could price head towards the Fib levels.