The EUR/USD managed to break above the inner trend line (orange dotted) and could use the same broken line as a support for a bounce to the top of the wedge (trend lines on top and bottom).
The EUR/USD showed strong momentum when breaking the resistance trend line (dotted orange), which could indicate the likelihood of a wave A (blue).
The GBP/USD showed strong bullish momentum once it broke above the resistance (dotted magenta). Due its strength the wave could be a potential wave 3 (orange), which means that the current consolidation could be a wave 4 (orange).
The invalidation point is if price moves below the 61.8% Fibonacci before breaking the top.
The USD/JPY showed a bullish ABC zigzag (lavender) but stopped at the resistance trend line (orange). A break of the top of the waves 5 is needed in the next 2 weeks otherwise it is more likely that a bigger wave X (green) is taking place.
The USD/JPY alternative is a 12345 (blue) which could in turn be part of the ABC (lavender). The invalidation level is if price breaks below the support line (blue).
Please note that the update is posted with permission from Admiral Markets
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