The EUR/USD bearish momentum was strong but price is currently unable to break below the support trend line (blue). This could mean that the wave B (green) has been completed OR that a bearish correction will bring price lower via an ABC (purple). Monday’s wave analysis will tell more about which one of the two seems more likely.
The GBP/USD made a bullish impulse and currently price is moving sideways which could be part of a wave 4 (orange). The impulsive 5 wave count is invalidated if price breaks below the top of wave 1 (blue line).
The USD/JPY is approaching strong resistance layers (red lines) and is currently moving lower, but this could be part of a wave 4 (green) which offers support at the 38.2% and 50% Fibonacci retracement levels.
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