EUR/USD

4 hour

The EUR/USD made a bullish bounce at the support zone (green lines) but the rebound stopped at the 23.6% Fibonacci level. If price is indeed in a wave 2 (green) correction then I would expect price to expand the correction via a WXY (brown). A break below the support zone indicates the invalidation of a larger correction.

1 hour

The EUR/USD seems to have completed two ABC (purple) zigzags within a larger WXY (brown) correction.

GBP/USD

4 hour

The GBP/USD turned at the 61.8% Fibonacci level of wave 2 (blue). The Cable needs to break below the support trend line (green) to confirm a downtrend continuation of a wave 1 (orange) within wave 3 (blue).

1 hour

The GBP/USD bearish waves (grey) indeed broke below support (dotted green). A break below the next support (blue) could confirm the wave 5 (grey) of wave 1 (orange).

USD/JPY

4 hour

The USD/JPY bullish momentum is indeed building a correction as expected and is probably retracing within a wave 4 (blue). The23.6% and 38.2% Fibonacci levels are expected to act as support.

1 hour

The USD/JPY is building a WXY (brown) correction within wave 4 (blue).