The EUR/USD continued its bullish breakout to higher levels as part of an impulsive wave C (green). The resistance levels (red) and Fibonacci targets could be points on the chart where price could reverse.
The EUR/USD seems to be in the 5th wave (orange) of wave C (green). Once the 5th wave is completed (which could potentially already be completed), price could see the start of a bearish retracement due to the divergence (purple line).
The GBP/USD continued its bullish bounce at the 61.8% Fib to higher levels as part of an impulsive wave A (pink). There is divergence on the daily chart between the 2 most recent bottoms, which could lead to a larger correction as indicated by WXY (blue).
The GBP/USD showed most likely a strong wave 3 (green) yesterday. A wave 4 (green) retracement should not go below the 61.8% Fibonacci level or it would invalidate the current wave count.
The USD/JPY is testing the bottom of the larger contracting triangle (orange/green). A break below the support trend line (green) would provide more confirmation of a completed a wave E (blue) of wave X (brown).
The USD/JPY seems to have completed 5 bearish waves as part of a large ABC bearish zigzag (blue). A bullish retracement could potentially find resistance at the wave B Fib levels.
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