USD/JPY
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016uj4.png
The USD/JPY is building a triangle pattern between a support trend line (green) and a resistance level which represents the top of a daily downtrend channel (red). A break above resistance (red) confirms the end of the downtrend and the start of bullish price action. A break below the 100% Fibonacci level of wave 2 (blue) indicates that another wave 2 (purple) is still active.
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016uj1.png
The USD/JPY is close to various support levels. A bullish bounce and break above resistance (red) could indicate that wave 2 (blue) has been completed.
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EUR/USD
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu4.png
The trend line (orange) indeed acted as resistance and the EUR/USD fell below support (dotted green) as indicated last week. A bearish zigzag seems the most likely and the current bearish momentum is wave A (green). On the larger scale a contracting triangle is probably taking place and price is now in the wave d (green).
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu1.png
The EUR/USD is building a retracement within wave 4 (orange) unless price breaks above the 50% Fibonacci level, which then makes it more likely that wave A (green) has been completed at the most recent bottom.
GBP/USD
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016gu4.png
The GBP/USD wave count is now showing a bearish impulse (pink) but the wave count is vulnerable to change if price does not break below the 78.6% Fibonacci level (blue) and breaks above resistance (red).
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016gu1.png
The GBP/USD is building a wave 4 (blue) retracement of the impulsive wave 3 (blue). Usually price will respect the 23.6% to 50% Fibonacci levels within a wave 4. A break above the 61.8% invalidates the current wave 4 (blue).
EUR/USD
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu4.png
The EUR/USD is building a small pause at the Fibonacci level after breaking below the support trend line (dotted green). A bearish continuation could take price to lower Fibonacci levels.
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu1.png
The EUR/USD has retraced to the 50% Fibonacci retracement level of wave 4 (orange) vs 3. A break above the 78.6% Fib invalidates the wave 4 (orange). A break below support (green) could confirm the wave 5 (green) of wave A (orange).
GBP/USD
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016gu4.png
The GBP/USD needs to break below the 78.6% Fibonacci level (blue) and support trend line (green) before price has a chance of moving towards the Fibonacci targets of wave 3 (green) vs 1. A break above resistance (red) invalidates the current wave 3's.
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016gu1.png
The GBP/USD has retraced back to the 38.2% Fibonacci level of wave 4 (blue) vs 3. A break above the resistance trend line (red) and 78.6% Fibonacci level invalidates wave 4 (blue) whereas a break below support (green) could indicate the continuation of wave 3 (green).
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EUR/USD
4 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu4.png
If the EUR/USD manages to break the resistance trend line (orange), then the Fibonacci levels of wave X (blue) are expected to stop price from moving much further. Only a break above the top (purple) would invalidate the larger consolidation zone marked as wave X (purple and blue). Overall it seems most likely that a larger wave Y (brown/purple) is developing within a contracting triangle on the daily chart (wave d green).
1 hour https://fxmedia.s3.amazonaws.com/art...09-2016eu1.png
The EUR/USD is either building a bearish ABC zigzag (orange) within wave B (green), which means that price will break below the support trend line (dark green), or the EUR/USD will complete the bullish ABC (green) zigzag within wave X (blue), which means that price will break above resistance (red).
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