Currency pair EUR/USD
The EUR/USD broke below the support trend line and zone (dotted blue) yesterday and has space to continue towards the 38.2% Fib of wave 4 vs 3 (light purple). A bullish correction within wave 4 (blue) should take price back to the 23.6%-50% Fibonacci levels, which could act as a resistance zone.
The EUR/USD is showing strong bearish momentum and has most likely completed a wave 3 (blue). An ABC (green) could be unfolding within the wave 4 (blue).
Currency pair GBP/USD
The GBP/USD remains choppy but a wave 5 (green) still seems most likely due to the wave bearish impulse. A break below the support line (blue) would confirm a bearish continuation.
The GBP/USD bearish momentum is probably a wave 1 (orange) which could see a bounce and a retracement for a wave 2 (orange).
Currency pair USD/JPY
The USD/JPY has reached the main target zone at 114.50-115, but a break below the support trend line (green) is needed before a larger wave 2 or B (light purple) becomes more likely.
The USD/JPY is either in a wave 1-2 (blue) or in an ending diagonal (grey).
