The EUR/USD has completed a bullish ABC (green) zigzag but the entire correction could be prolonged via a WXY (blue). This wave count is invalidated when price breaks below the support trend line (green).
The EUR/USD is making a potential bearish ABC (green) correction within wave X (blue).
The GBP/USD has made a bearish turn at the 38.2% Fibonacci level of wave 4 (purple). Price might expand the entire bullish correction via a WXY (blue) towards the 50% Fibonacci level. This wave count is invalidated when price breaks below the support trend line (green).
The GBP/USD is making a potential bearish WXY (pink) correction within wave X (blue).
The USD/JPY has made a bullish bounce at the horizontal support levels (blue). The ABC (green) wave count is most likely building a retracement as part of wave X (blue).
The USD/JPY is building an ABC (green) zigzag within the wave X (blue).
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Please note that the update is posted with permission from Admiral Markets
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