The EUR/USD is most likely expanding its correction of wave Y (blue) with a wave WXY (magenta).
Price is moving up slowly and correctively within the trend channel (blue).
The GBP/USD rally could run out of steam if it completes wave W (green).
The GBP/USD is an uptrend channel (green lines) but an ABC correction could potentially take place as part of the wave X (green).
The USD/JPY is in a large consolidation and is correcting within a wave Y (green).
Price is contained by a downtrend channel (blue).
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