The GBP/USD expanded the wave 4 (blue) correction via a WXY (orange) and has now arrived at potential resistance spots at the Fibonacci levels.
The GBP/USD however could build one more higher high if price completes a wave 4 (brown) c
...The EUR/USD was unable to break below the critical support level (blue) and instead bounced strongly to the upside. The bounce indicates that an expansion within wave 2 (brown) is most likely.
The EUR/USD break above the resistance
...The EUR/USD continued to move lower and has now arrived at a bounce or break spot at the support (blue/green) levels. A break is needed before a wave 3 (green) continuation of the bearish trend becomes likely.
The EUR/USD is most l
...The USD/JPY indeed confirmed the wave 4 (orange) corrective structure when price broke above the resistance levels (dotted lines) as expected. Price is now moving towards the Fib targets.
The USD/JPY indeed confirmed the wave 1-2 (green) wave structure
...The EUR/USD bullish retracement has turned at the resistance trend lines (red) and 61.8% Fibonacci level of wave 2 (brown). A break below the support (blue/green) is needed before a wave 3 (green) continuation of the bearish trend can be considered
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