Currency pair GBP/USD
The GBP/USD broke below the previous top (dotted green) which indicates that the bullish wave pattern is invalidated. Price could either be building a larger WXY (blue) correction within wave 4 (green) or starting a new downtrend.
The GBP/USD is challenging the support trend line and Fibonacci levels of wave W vs Y (blue).
Currency pair EUR/USD
The EUR/USD is testing the support zone of the previous wave W (blue) bottom. A bullish bounce confirms a WXY pattern within wave 4 (purple).
The EUR/USD seems to be in wave 5 (orange) of larger wave C (green).
Currency pair USD/JPY
The USD/JPY is testing a strong resistance zonewhich includes a trend line and the previous bottoms.
The USD/JPY broke below support (dotted blue) but price action has been quite choppy so far.
 which indicates that the bullish wave pattern is invalidated. Price could either be building a larger WXY (blue) correction within wave 4 (green) or starting a new downtrend.){kind=link}