The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.
All wave counts are highly subject to any volatility connected to news.
The GBP/USD is behaving choppily and has gone sideways for the last 2 trading days. A break below the support fractal would invalidate the wave count.
The break above resistance (orange dotted line) was slow and corrective so far and requires a break above 1.5750 before upside potential is in vision. A break below the support trend line (light green) shows lack of upside momentum.
The USD/JPY managed to reach the bottom of the wedge and is now in a break or bounce spot. A break below support could see price fall towards the Fibonacci targets.
The USD/JPY is showing bearish momentum as it approaches the important 122 support level.
Please note that the update is posted with permission from Admiral Markets
read the original article on AdmiralMarkets.com