The EUR/USD remains in a downtrend channel (red and light green lines) with a presence of a smaller bear flag (green and orange trend lines). The support (green) and resistance (red) are important lines whether the down trend continue or whether a reversal is more likely.
The GBP/USD is also in a downtrend channel (orange lines) and seems to be building an ending diagonal which has wave 4 (blue) overlapping in the price territory of wave 1 (blue). The invalidation level of the diagonal is the top of wave 2 (blue), which also would mean a break of the channel.
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