The EUR/USD wave count required a very impulsive bullish breakout to confirm the multiple waves 1-2, which was confirmed by yesterday’s bullish price action and break. Price could still be in wave 3 (orange) after which a correction for wave 4 (orange) could occur.
The USD/JPY has not managed to break above the psychological round level of 125 and wave 5 (magenta) has been temporarily marked as completed. The wave count however is vulnerable to change once the USD/JPY shows potential for another bullish bounce.
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