4 hour EURUSD:
In yesterday’s price action the EURUSD fell towards a support trend line (purple)and potential wave X (blue)Fibonacci retracement levels.
60 min EURUSD:
The EURUSD could potentially break out (greenand red arrows) if price breaks above resistance (red and orange) or belowsupport (purple and Fib level) trend lines.
GBPUSD
4 hour GBPUSD:
Price is in a potential 5th wave with slight divergence.
60 min GBPUSD:
Yesterday’s price action indeed bounced at the 38.2% Fibonacci retracement level. Apullback to half way (orange level) could be another bouncing potential (greenarrows) for a 5th wave (brown) up to its Fibonacci targets (100% /161.8%).
USDJPY
4 hour USDJPY:
The current wave count is showing the potential for a move up towards the waves Y (blue,green, purple).
60 min USDJPY:
Price couldbe making a wave 4 and 5 (red) of a potential ABC zigzag (black).