The EUR/USD completed the wave C (blue) near the previous bottom (green) and made a rally up to the resistance trend line (red). A break above it would signal the continuation of wave 4 (blue) whereas a break below support could indicate the completion of wave 4.
The USD/JPY price action is being squeezed in between support and resistance. A bearish breakout confirms the continuation of wave Y (blue) whereas a bullish break would indicate a change of the wave count.
Please note that the update is posted with permission from Admiral Markets
read the original article on AdmiralMarkets.com