The EUR/USD currency pair is probably completing an ABC pattern (purple) within an expanded wave W (pink) correction of a larger wave B (light purple) correction. A break below the support trend line indicates the end of wave A (blue).
The EUR/USD currency pair is probably building a bearish ABC (purple) correction within wave B (red).
The EUR/USD currency pair has completed a wave A (red) and the price is most likely retracing to the Fibonacci levels of wave B (red).
The GBP/USD currency pair is showing bearish engulfing twins after reaching the long-term moving average, which could complete a wave 4 (pink) pattern. A bearish breakout could confirm the potential wave 4-5 pattern (pink).
The GBP/USD currency pair has probably started the bearish wave 5, after the price has completed a wave 4 (light purple) correction.
The GBP/USD currency pair bearish breakout is probably indicating the start of a wave 5 (purple), whereas a bullish break above the resistance (red) indicates that a different wave pattern is valid.
The USD/JPY currency pair still seems to be in a ABC (purple) correction within wave X (pink), as long as the price stays below the previous top where the wave D (purple) has completed. A bearish bounce could indicate a deeper corrective wave Y (pink) within wave E (light purple).
The USD/JPY currency pair could be building a ABCDE triangle (light purple) within wave B (red).
The USD/JPY currency pair is in the wave E (light purple) of the triangle pattern.
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.