The EUR/USD made a bullish bounce yesterday off of the 61.8% Fibonacci level and is approaching a resistance level (red), which is a bounce and/or break spot. The main target for a bullish break is the 38.2% and 100% Fibonacci confluence.
The USD/JPY has only broken out of the uptrend channel by a narrow margin and remains above the horizontal support of wave 4 (magenta). A bounce at that support could change the wave count to a wave 3 (magenta) being completed at the most recent top (instead of wave 5).
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