The USD/JPY indeed made a bullish bounce at the wave 4 (purple) and broke above the resistance (dotted orange) of the falling wedge chart pattern. Now price is challenging the larger resistance trend line (red). A bullish breakout would be part of
...The USD/JPY seems to have made a double bottom at the 38.2% Fibonacci retracement level of wave 4 vs 3. A break of the bottom would still encounter a larger support trend line (green). Price needs to break above resistance (orange/red) trend lines
...The GBP/USD is building a correction between support (green) and resistance) which is most likely a wave 4 (purple). A bearish ABC (orange) seems to be completed within a larger wave B (blue) correction as price bounced strongly at the 50% Fibonacci
...The EUR/USD completed a bearish turn at the 88.6% Fibonacci resistance and broke below a support trend line (dotted blue), which could be part of a bearish wave 3 (purple). The most momentum should be expected if price manages to break below the ne
...The EUR/USD is retesting the 88.6% level resistance level, which is part of the wave 2 (brown) structure. A break above the 100% Fibonacci level invalidates the wave 2 (brown) whereas a break below the support (blue) trend line is needed before a b
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