EURUSD

A wave 4 (blue) typically does not exceed the 50% retracement. A break above the 50% makes a wave C (magenta) more likely than a wave 3 (blue).

4 hour EURUSD:

EURUSD

A WXY (green) could be unfolding within wave 4 (blue).

60 min EURUSD:

EURUSD

 

GBPUSD

A wave 3 (magenta) decline has been completed and price could now retrace for a wave 4 (magenta).

4 hour GBPUSD:

GBPUSD

The usually turning spot for a wave 4 is the 38.2% Fibonacci retracement level.

60 min GBPUSD:

GBPUSD

 

USDJPY

The USDJPY could be expanding the corrective pattern with another WXY (light blue).

4 hour USDJPY:

USDJPY

The trend lines help with identifying whether the price bounces or breaks at support and resistance zones.

60 min USDJPY:

USDJPY