The EUR/USD made a drop to lower levels after the break of support (light blue). Both the 38.2% at 1.11 and the 50% Fib at 1.10 are potential support levels.
The strong bearish impulse on EUR/USD seems to consist of an internal 5 wave within wave 3 (green) and hence part of a bigger ABC zigzag (purple). Whether wave 5 of A has been completed is unclear due to choppy price action yesterday.
The GBP/USD is not able to break below the support trend line (light green) and 50% Fibonacci retracement level.
A break below support could see price retrace to lower Fibs whereas a break above resistance could see price breakout to Fibonacci targets of the wave Y (grey).
The USD/JPY bullish price action is part of the bigger wave 5 (brown).
The USD/JPY is in an small uptrend channel. A bearish break of the channel could see support at the 38.2% Fibonacci retracement level as part of wave 4 (green).
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