Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.
The EUR/USD made a bearish bounce and reversal near the 38.2% Fibonacci retracement level, which seems to have completed a wave (purple). This could indicate a larger bullish ABC corrective pattern (purple) within wave W (pink).
The EUR/USD seems to be building a bearish ABC (purple) correction within wave B (red).
The EUR/USD has completed wave A (red) and the price is most likely retracing to the Fibonacci levels of wave B (red).
The GBP/USD is testing a key resistance zone (red/orange). A bearish bounce and bearish breakout below the support trend line (blue) could indicate a continuation of wave 5, whereas, a bullish breakout could indicate a larger bullish correction.
The GBP/USD has probably started the bearish wave 5 after the price has completed a wave 4 (light purple) correction.
The GBP/USD bearish breakout is probably indicating the start of wave 5 (purple), whereas, a bullish break above the resistance (red) indicates that a different wave pattern is valid.
The USD/JPY made a bearish bounce at the Fibonacci retracement levels of wave X (pink). The next lower low could complete a larger WXY correction within wave E.
The USD/JPY could be building an ABCDE triangle (light purple) within wave B (red).
The USD/JPY is in the wave E (light purple) of the triangle pattern.