EUR/USD
4 hour
The EUR/USD seems to be indeed building a bearish ABC zigzag (green). The Fibonacci levels of wave B (green) are expected to act as resistance and price could turn around at one of them for a continuation within a larger contacting triangle (wave d green). If the bearish breakout is very impulsive, then a new downtrend could be starting.
1 hour
A bullish ABC (green) seems to be taking place within wave B (green). The Fibonacci levels are targets and potential bouncing spots.
GBP/USD
4 hour
The GBP/USD continues to build a triangle formation within the wave 4 (green) correction as the Cable breaks above resistance (dotted red). The Fib levels are expected to act as resistance.
1 hour
The GBP/USD did not break below the 78.6% and 100% Fibonacci levels of wave B vs A and the wave B (orange) is therefore still valid and supporting price. The bullish breakout is indicating that a wave C (orange) within wave Y (blue) seems to be unfolding.
USD/JPY
4 hour
The USD/JPY needs to break above the previous of wave 1 (purple) before a larger uptrend (wave 3 purple) can start.
1 hour
The USD/JPY has retraced to deep Fibonacci levels within wave 2 (brown). A break above resistance (red/orange) is needed before price can potentially build wave 3 (brown).
