EUR/USD

4 hour

If the EUR/USD manages to break the resistance trend line (orange), then the Fibonacci levels of wave X (blue) are expected to stop price from moving much further. Only a break above the top (purple) would invalidate the larger consolidation zone marked as wave X (purple and blue). Overall it seems most likely that a larger wave Y (brown/purple) is developing within a contracting triangle on the daily chart (wave d green).

1 hour

The EUR/USD is either building a bearish ABC zigzag (orange) within wave B (green), which means that price will break below the support trend line (dark green), or the EUR/USD will complete the bullish ABC (green) zigzag within wave X (blue), which means that price will break above resistance (red).

GBP/USD

4 hour

The GBP/USD is building either a wave 3 (pink) within a larger downtrend or wave d (purple) of a larger ABCDE contracting triangle (purple). A break above the 100% Fibonacci level of potential wave 2 (blue) vs 1 and resistance trend line (red) increases the chance of a wave d and e (purple).

1 hour

The GBP/USD could be building an ABC (grey) within wave 2 (blue). A break below support (green) could see price retesting the previous bottom at 1.29. A break below the bottom could indicate one more bearish push towards the bottom on the 4 hour chart at 1.2850.

USD/JPY

4 hour

The USD/JPY remains stuck between the resistance of the daily downtrend channel (red) and the support of the various bottoms (green). A break below the bottoms of that support invalidates the bullish reversal, whereas a break above the bearish channel confirms the potential for a wave 3 (purple).

1 hour

The USD/JPY bullish bounce could be the first indication of a new trend direction (wave 1 blue).