Currency pair EUR/USD
The EUR/USD bullish bounce at support (blue) was unable to break above the previous top (red). A bullish breakout above the top could see price move towards the Fibonacci target of wave 5 vs 1+3 and the round level of 1.15.
The EUR/USD retraced back and bounced at the Fibonacci levels of wave 4 vs 3. The wave 4 (orange) becomes unlikely if price breaks below the 61.8% Fibonacci level.
Currency pair USD/JPY
The USD/JPY uptrend continues within the uptrend channel (blue) and is moving towards the Fibonacci targets of wave 5 vs 1+3. The price angle however is slowing down (red resistance).
The USD/JPY broke above resistance (dotted orange) which could indicate a wave 3 (pink) breakout.
Currency pair GBP/USD
The GBP/USD retraced to deeper Fibonacci support levels of wave 4 vs 3 (orange). A bullish bounce could confirm the wave 4-5 (orange).
The GBP/USD could have completed a wave 4 (orange) as long a price stays above the 61.8% Fibonacci level.
