Currency pair EUR/USD
The EUR/USD broke above the top and resistance zone at 1.25 (red), which is confirming an uptrend continuation. The uptrend could complete a wave 5 (purple) of a wave 3 (pink), which could leave space for one more potential wave 4 and 5 (pink).
The EUR/USD made a bullish break above the resistance trend line (dotted red) and is close to hitting the 161.8% Fib target. The broken resistance zone at 1.25-1.2525 could now become a support zone.
Currency pair GBP/USD
The GBP/USD is now testing a new resistance trend line (red).The bullish price action is showing decent momentum and could indicate a likely chance of continuation once price breaks above resistance.
The GBP/USD is probably in a bullish wave 3 (blue) at the moment.
Currency pair USD/JPY
The USD/JPYbreakout broke below the -27.2% Fibonacci target is continuing towards the next target at the-61.8% Fib near 105.
The USD/JPY indeed made a retracement towards the top of the falling wedge pattern before continuing lower and breaking below the -27.2% Fib target.
, which is confirming an uptrend continuation. The uptrend could complete a wave 5 (purple) of a wave 3 (pink), which could leave space for one more potential wave 4 and 5 (pink).){kind=link}